{"id":43838,"date":"2024-06-18T07:07:10","date_gmt":"2024-06-18T01:37:10","guid":{"rendered":"https:\/\/itatonline.org\/digest\/rajalben-hirenbhai-patel-v-dcit-2023-108-itr-67-sn-2024204-itd-674smc-ahd-trib\/"},"modified":"2024-06-18T07:07:10","modified_gmt":"2024-06-18T01:37:10","slug":"rajalben-hirenbhai-patel-v-dcit-2023-108-itr-67-sn-2024204-itd-674smc-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/rajalben-hirenbhai-patel-v-dcit-2023-108-itr-67-sn-2024204-itd-674smc-ahd-trib\/","title":{"rendered":"Rajalben Hirenbhai Patel v. DCIT (2023) 108 ITR 67 (SN\/ [2024]204 ITD 674(SMC) (Ahd ) ( Trib)"},"content":{"rendered":"<p>\u00a0<\/p>\n<p>The CPC rejected the rectification application of the assessee on ground that the assessee had earned dividend income from mutual funds during the year which were exempt from taxation u\/s 10(35).\u00a0 On appeal the Tribunal held that it was clear from a bare reading of provisions of sections 115BBDA levies special rate of tax only on dividend income earned from domestic companies if exceeding Rs. 10lakhs . Accordingly directed the CPC to allow the\u00a0\u00a0 rectification application filed by the assessee\u00a0 and allow the exemption . (AY. 2018-19)<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.10(35): Units of mutual fund \u2013 Dividend Mutual Funds \u2013  Dividend income earned cannot be subject to tax .[S. 115BBDA, 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-43838","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bp4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43838","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=43838"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43838\/revisions"}],"predecessor-version":[{"id":43839,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43838\/revisions\/43839"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}