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2013 (7) TMI 260 - HC - Income Tax
Computation of expenditure - Held that:- The assessee did not show any expenditure incurred by him for the purpose of earning the money which is exempted under the income tax. The Tribunal has computed expenditure at 1 per cent of such dividend income which, according to them, is the thumb rule applied consistently - No reason to interfere - Decided in favour of Assessee.