Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1986 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1986 (9) TMI 24 - HC - Income TaxExtract: ....... the Tribunal in the present case was correct. Consequently, the reference is answered in favour of the Revenue and against the assessee as under The Tribunal was justified in construing section 80M of the Income-tax Act, 1961, to mean that the deduction thereunder should be given only on the net dividend income. There will be no order as to costs.
|