2017 (3) TMI 1187

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..... in the case of Dy. Commr. Of Income Tax, Ujjain vs. M/s. Torqouise Investment & Finance Ltd. [ 2008 (2) TMI 426 - SUPREME Court ] wherein held dividend income derived by the assessee from a company in Malaysia is not liable to be taxed in the hands of the assessee in India under any of the provisions of the Act. - Decided in favour of assessee. - Civil Appeal No. 1521 of 2007 - - - Dated:- 9-3-2 .....

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..... gainst the Revenue by this Court in Civil Appeal No.4485 of 2007 in the case of Dy. Commr. Of Income Tax, Ujjain vs. M/s. Torqouise Investment Finance Ltd. reported in 2008 Vol.300 ITR 1. Respectfully following the aforesaid decision, the judgment and order of the High Court is upheld. The appeal fails and is dismissed. There shall be no order as to costs. Pending application, if any, a .....

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