https://www.taxtmi.com/caselaws?id=103356 The Tribunal affirmed the inclusion of interest and dividend income in profits for deduction under section 32AB, rejecting the Revenue's challenge. The treatment of service charges for issuing bonus shares as revenue expenditure was not addressed as both parties agreed on the disallowance. The Tribunal emphasized that unless items are explicitly mentioned in the provision, they cannot be excluded, citing relevant case law. The decision aligned with consistent views of other Tribunals and the Kerala High Court, ultimately upholding the CIT(A)'s decision and dismissing the appeal. en-us Thu, 28 Mar 2002 00:00:00 +0530 Wed, 22 Feb 2012 14:58:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103356 The Tribunal affirmed the inclusion of interest and dividend income in profits for deduction under section 32AB, rejecting the Revenue's challenge. The treatment of service charges for issuing bonus shares as revenue expenditure was not addressed as both parties agreed on the disallowance. The Tribunal emphasized that unless items are explicitly mentioned in the provision, they cannot be excluded, citing relevant case law. The decision aligned with consistent views of other Tribunals and the Kerala High Court, ultimately upholding the CIT(A)'s decision and dismissing the appeal. Case-Laws Income Tax Thu, 28 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103356