https://www.taxtmi.com/caselaws?id=64310 The Tribunal upheld the disallowance of deduction under Section 80M and the levy of interest under Section 234B. The decision emphasized that actual distribution of dividends before the due date is essential for claiming deduction under Section 80M, and interest under Section 234B was deemed consequential and valid. The Tribunal dismissed the appeal, acknowledging the AO and Departmental Representative for their diligent work. en-us Thu, 26 Feb 2004 00:00:00 +0530 Thu, 14 Jun 2012 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64310 The Tribunal upheld the disallowance of deduction under Section 80M and the levy of interest under Section 234B. The decision emphasized that actual distribution of dividends before the due date is essential for claiming deduction under Section 80M, and interest under Section 234B was deemed consequential and valid. The Tribunal dismissed the appeal, acknowledging the AO and Departmental Representative for their diligent work. Case-Laws Income Tax Thu, 26 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64310