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2013 (8) TMI 46 - HC - Income TaxDeduction u/s 80M - CIT allowed partial deduction u/s 154 - Tribunal allowed full deduction to assessee - Held that:- Assessee has received dividend income from United Trust of India and made a claim - It was for the AO either to reject the entire claim or allowed the claim, but it was allowed partly. In the rectification application, the assessee has asked to restrict deduction as per law - When the claim is allowable then why it should not be allowed as per law. Genuineness of the claim is not doubtful. Therefore, the restricted claim under Section 80M of the Act is allowable - Decided against Revenue.
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