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1979 (1) TMI 1 - SCH - Income TaxWhether deduction under section 80M of the I.T. Act, 1961, is allowable on gross dividend or it is allowable only on net dividend arrived at after deducting the interest payable on moneys borrowed for the purpose of earning such dividend - Tribunal as a fact and which finding has become final, has held that no part of the borrowings was made for the purpose of earning dividend and hence there was no question of deduction - question of law not arise
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