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1995 (3) TMI 127 - ITAT BOMBAYExtract: .......Rs. 14,209 (after deducting Rs. 3,553 as expenses). Therefore, the assessee is entitled to deduction under section 80M on the net at 60 per cent of Rs. 14,209. We, therefore, direct the Assessing Officer to allow deduction under section 80M as worked out by the assessee at 60 per cent of the net dividend income. 9. In the result, appeal is allowed.
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