https://www.taxtmi.com/caselaws?id=221772 The Court dismissed the appeal, upholding the Tribunal's decision that the deduction under Section 80M of the Income Tax Act should be based on adjusting interest on loans raised for earning dividend income. It emphasized that only interest related to investments generating dividend income should be considered in calculating net dividend income, in line with Sections 36 and 57 of the Act. The judgment highlighted the necessity of aligning interest expenses with dividend-generating investments. en-us Mon, 18 Mar 2013 00:00:00 +0530 Fri, 29 Mar 2013 09:31:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221772 The Court dismissed the appeal, upholding the Tribunal's decision that the deduction under Section 80M of the Income Tax Act should be based on adjusting interest on loans raised for earning dividend income. It emphasized that only interest related to investments generating dividend income should be considered in calculating net dividend income, in line with Sections 36 and 57 of the Act. The judgment highlighted the necessity of aligning interest expenses with dividend-generating investments. Case-Laws Income Tax Mon, 18 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221772