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2008 (2) TMI 586 - KERALA HIGH COURTIntercorporate Dividend- The Assessing Officer made recomputation making partial disallowance of the claim on the ground that the assessee would have incurred some expenditure for earning the dividend income. The Tribunal found that there is no basis for estimating expenditure and reducing the same from the dividend income in respect of which section 80M relief is claimed by the assessee. Held that- the amount of dividend and disallowance involved being negligible there was no ground to interfere with the order of Tribunal. Dismiss the appeal.
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