{"id":32750,"date":"2023-02-13T12:54:56","date_gmt":"2023-02-13T07:24:56","guid":{"rendered":"https:\/\/itatonline.org\/digest\/manmohan-textiles-ltd-v-nfac-2023-bcaj-january-p-32-mum-trib\/"},"modified":"2023-02-13T12:54:56","modified_gmt":"2023-02-13T07:24:56","slug":"manmohan-textiles-ltd-v-nfac-2023-bcaj-january-p-32-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/manmohan-textiles-ltd-v-nfac-2023-bcaj-january-p-32-mum-trib\/","title":{"rendered":"Manmohan Textiles Ltd v. NFAC ( 2023) BCAJ -January \u2013 P. 32( Mum)( Trib)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that the second proviso to section 10(34) categorically states that dividends received on or after 1 st April 2020 alone would be subjected to tax . On the facts the dividend was received during FY. 2019 -20 relevant to AY. 2020-21 therefore not taxable during the year under consideration . ( ITA No. 1884\/ Mum\/ 2022 dt. 6 -9 -2022)\u00a0 ( AY. 2020 -21 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10(34) :Dividend \u2013 Domestic companies &#8211; Tax on distribution of profits \u2013  Dividend received during FY. 2019 -20 relevant to AY. 2020- 21 cannot be taxed .  [S. 115O, 154 ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-32750","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8we","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=32750"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32750\/revisions"}],"predecessor-version":[{"id":32751,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32750\/revisions\/32751"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=32750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=32750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=32750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}