Dividend income derived by assessee from a company in Malaysia not liable to be taxed in the hands of the assessee in India under any of the provisions of the Act – SC

Dy. Commissioner of Income Tax Vs. Torqouise Investment & Finance Ltd. (Supreme Court of India)- Whether ITAT was justified in holding that dividend income earned by the Assessee amounting to Rs. 21,35,766/- from a Company called Pan Century Edible Oils SDN, BHD.  Malaysia is not liable to be taxed in the hands of Assessee in India under any of the provisions of the Income Tax Act?

High Court, following the decision of the Madras High Court in the case of CIT vs. SRM Firm &a

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