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2006 (2) TMI 150 - HC - Income TaxExtract: .......the Unit Trust of India was not a speculation income, the same has to be treated as inter-corporate dividend for the purpose of section 80M of the Act. The decision of the Tribunal in this regard, in our considered opinion, needs no interference. In the result, finding no infirmity in the order of the Tribunal, this tax case is dismissed. No costs.
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