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1973 (11) TMI 15 - GUJARAT HIGH COURT
Whether, while computing the deduction of tax on inter-corporate dividend under section 85A of the Income-tax Act, 1961, the income from dividend should be taken, at its gross figure or at net figure after deducting the expenditure incurred by the concerned assessee to earn that dividend - we answer the question referred to us in the negative and in favour of the revenue