PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
The Appellate Tribunal considered a case involving deduction u/s 80M. The assessee received Rs. 37,12,500 dividend from a domestic company and distributed Rs. 30 Lakh to its shareholder. Section 80M(1) allows deduction equal to distributed dividend before the due date. The assessee paid dividend to shareholders before due date u/s 139(1) and filed return on time. Thus, the assessee rightfully claimed deduction u/s 80M of Rs. 30 Lakh. The Tribunal allowed the appeal.
The Appellate Tribunal considered a case involving deduction u/s 80M. The assessee received Rs. 37,12,500 dividend from a domestic company and distributed Rs. 30 Lakh to its shareholder. Section 80M(1) allows deduction equal to distributed dividend before the due date. The assessee paid dividend to shareholders before due date u/s 139(1) and filed return on time. Thus, the assessee rightfully claimed deduction u/s 80M of Rs. 30 Lakh. The Tribunal allowed the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
