1981 (6) TMI 66 - AT - Income Tax

Summary

The Revenue appealed the direction given by the AAC to exclude dividend income from the assessment year and consider it for the following year. The ITAT Gauhati upheld the AAC's decision, stating that the dividend became due in the following assessment year. The appeal by the Revenue was dismissed. (Case: Appellate Tribunal ITAT GAUHATI, Citation: 1981 (6) TMI 66 - ITAT GAUHATI)