https://www.taxtmi.com/caselaws?id=62385 The Tribunal upheld the Commissioner (Appeals) decision regarding the interpretation of section 80K of the Income-tax Act, 1961, denying relief to the assessee based on the lack of profits in the dividend-declaring company. It also ruled that the certificate issued under section 197(3) did not bind the department for the exemption of dividends. The Tribunal dismissed the appeal, emphasizing adherence to legal precedents and declining to entertain additional grounds raised during the appeal process. en-us Tue, 14 Jan 1986 00:00:00 +0530 Wed, 19 Jan 2011 16:23:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62385 The Tribunal upheld the Commissioner (Appeals) decision regarding the interpretation of section 80K of the Income-tax Act, 1961, denying relief to the assessee based on the lack of profits in the dividend-declaring company. It also ruled that the certificate issued under section 197(3) did not bind the department for the exemption of dividends. The Tribunal dismissed the appeal, emphasizing adherence to legal precedents and declining to entertain additional grounds raised during the appeal process. Case-Laws Income Tax Tue, 14 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62385