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2020 (2) TMI 1151 - SC - Income TaxDeduction u/s 80 HHC(4B) - HELD THAT:- It is not in dispute that the stated issue in reference to Assessment Year 1998-1999 has been answered by the High Court on 05.09.2008. That decision having become final will apply proprio vigore to the subject assessment year i.e. 1996-1997, in terms of the aforementioned order of the Tribunal. We order accordingly. Deduction u/s 80M - non-allocating personal and administrative and financial expenses proportionately for computing net dividend income referred to in Section 80AA - HELD THAT:- It is not in dispute that thereafter the Assessing Officer completed the assessment in terms of the remand order and challenge thereto before the Tribunal has also become final. Be it noted that as regards the said claim, the High Court had observed that the issue has been answered in favour of the Revenue in Distributors (Baroda) Pvt. Ltd. vs. Union of India and Others [1985 (7) TMI 1 - SUPREME COURT] . It is for the Department to consider whether the assessment done after remand and culminated with the order of the Tribunal is in conformity with the said decision of the Supreme Court or otherwise. Nothing more is required to be said as the appellant is content with the order passed by the Tribunal, which as of now has been allowed to become final by the Revenue-respondent.
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