https://www.taxtmi.com/caselaws?id=237321 The court ruled in favor of the revenue, determining that the assessee company was not entitled to the deduction claimed under Section 80M of the Income Tax Act as it did not receive dividends from another domestic company but from a partnership firm. The adjustment made by the Assessing Officer under Section 143(1)(a) disallowing the deduction was deemed permissible, as the Assessing Officer lacked the authority to make such adjustments. The case outcome favored the revenue, leading to the matter being referred back to the Tribunal for further orders. en-us Mon, 09 Sep 2013 00:00:00 +0530 Wed, 25 Sep 2013 06:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237321 The court ruled in favor of the revenue, determining that the assessee company was not entitled to the deduction claimed under Section 80M of the Income Tax Act as it did not receive dividends from another domestic company but from a partnership firm. The adjustment made by the Assessing Officer under Section 143(1)(a) disallowing the deduction was deemed permissible, as the Assessing Officer lacked the authority to make such adjustments. The case outcome favored the revenue, leading to the matter being referred back to the Tribunal for further orders. Case-Laws Income Tax Mon, 09 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237321