2009 (2) TMI 8

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..... ehension is misconceived as dividend both on shares which form part of investment as well as those which are part of stock-in-trade is exempt u/s 10(33) - no question of law arise – appeals dismissed - 582/2007 and 912/2007 - - - Dated:- 4-2-2009 - MR JUSTICE VIKRAMAJIT SEN and MR JUSTICE RAJIV SHAKDHER Ms. Prem Lata Bansal for the appellant. Mr. R.M. Mehta for the respondent. ORDER .....

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..... ind only the dividend income arising from shares held as investment and not in respect of the dividend on shares which are part of stock-in-trade. Ms Bansal seeks a clarification with regard to the same. We are of the view that the apprehension is misconceived for the reason that while the dividend both on shares which form part of investment as well as those which are part of stock-in-trade is ex .....

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