Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1993 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1993 (8) TMI 108 - AT - Income TaxExtract: .......ion 80M cannot also be proportionately reduced. Respectfully following the judgment cited above, we accept the assessee s contention and direct the Income-tax Officer to grant relief under section 80M of the Act on the gross dividend of Rs. 1,68,400 and Rs. 2,83,312 respectively for the assessment years 1986-87 and 1987-88. The appeals are allowed.
|