Dividend - Judgment Search Results

Wallfort Shares and Stock Brokers Vs. Income-tax Officer [Alongwith

Court: Income Tax Appellate Tribunal ITAT Mumbai

..... possible after the record date in such situation the expenditure reflected by the cum dividend and ex dividend nav represented the expenditure having a direct nexus with tax free income and it ..... the purchase and sale price is in the nature of expenditure incurred for earning dividend since the dividend is exempt such expenditure is not allowable a whether a particular constitutes business depends .....

Punjab State Industrial Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Reported in: (2007)292ITR268(Chd.)

..... shall be computed after making the following deductions namely i in the case of dividends other than dividends referred to in section 115 0 or interest on securities any reasonable sum ..... on which deduction is allowed and therefore there is no question of considering dividend as business income the dividend indisputably is assessable under the head other sources and deductions are permissible out .....

Eisner Vs. Macomber

Court: US Supreme Court

..... render the stockholder taxable there must be both earnings made and a dividend paid neither earnings without dividend nor a dividend without earnings subjects the page 252 u s 232 stockholder to taxation ..... made against surplus account with corresponding credit to capital stock account equal to the proposed dividend the new stock is issued against this and the certificates delivered to the existing .....

Commissioner of Income-tax Vs. Clive Insurance Co. Ltd.

Court: Kolkata

Reported in: [1972]85ITR531(Cal)

..... net united kingdam rate applicable to the dividend 3 in this section dividend means a dividend from which deduction of tax is authorised ..... 7 000 as representing income tax in respect of this dividend thus increasing the assessment to 28 000 on appeal the ..... section therefore specifically provides for deduction of tax from the dividend income of the shareholders and from the viewpoint of shareholders .....

Pr. Commissioner of Income Tax vs.krishak Bharati Cooperative Ltd.

Court: Delhi

..... the cit observed that article 115 of the omani tax laws exempts from tax dividends received by the establishment omani oil company or permanent establishment from shares allotments or ..... the objective of promoting economic development within oman by attracting investments that order first included dividend income in the total income determined and thereafter granted deduction for later years as .....

Wallfort Shares and Stock Brokers Vs. Ito

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2005)96ITD1(Mum.)

..... possible after the record date in such situation the expenditure reflected by the cum dividend and ex dividend nav represented the expenditure having a direct nexus with tax free income and it ..... the purchase and sale price is in the nature of expenditure incurred for earning dividend since the dividend is exempt such expenditure is not allowable a whether a particular constitutes business depends .....

Raghu Nandan Neotia Vs. Swadeshi Cloth Dealers Ltd. and ors.

Court: Kolkata

Reported in: AIR1964Cal247,68CWN302

..... decision on the question as to whether there could be further dividend after dividends had been declared at an annual general meeting 17 the ..... if any entitled to shares with special right as to dividends all dividends shall be declared and paid according to the amounts paid ..... call be made payable at the same time as the dividend and the dividend may if so arranged between the company and the members .....

Comptroller of Income Tax Vs. Aqq and Another

Court: Singapore Supreme Court

..... purchased shares in other private companies which had ceased to trade but had undistributed profits dividends were declared out of the profits of these private companies and their shares were ..... profits see above at 14 to generate large amounts of undistributed profits for distribution as dividends mr liu also took the position that the financing arrangement was commercially unjustifiable and .....

Ng Chee Weng Vs. Lim Jit Ming Bryan and Another

Court: Singapore Supreme Court

..... the plaintiff s conduct after 2002 support his version plaintiff s attitude regarding sinco s dividend policy 149 the defendants submitted that after 2002 the plaintiff s conduct was not compatible ..... broached additionally the plaintiff said that he had not received full details of all the dividend payments and wanted some figures before confronting mr lim despite having been told by terence .....

Commissioner of Income-tax (Central) Vs. Oriental Co. Ltd.

Court: Kolkata

Reported in: (1981)25CTR(Cal)75,[1982]137ITR777(Cal)

..... question that falls for consideration is mainly whether the declaration of dividend creates a right in favour of a shareholder in respect ..... in the case of an indian shareholder the declaration of gross dividend itself on receipt of a tax deduction certificate creates or ..... it was therefore on this basis urged that unless the dividend income was diverted by overriding title before accrual the income .....