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2010 (9) TMI 721 - AT - Income TaxRectification of mistakes u/s - Debatable issue - Deduction u/s 80M - Dividend declared u/s 115O - Held that:- Though it appears from the original assessment order that the AO did not apply his mind regarding the applicability of the provisions of sub-section 115-O while allowing the deduction u/s 80M, however, since the amount of dividend received by the assessee prior to 1.4.2003 was not subject to the tax under the provisions of section 115-O(1), then the disallowance of deduction u/s 80M by applying the provisions is not a question which can be decided u/s 154 of the Act.
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