https://www.taxtmi.com/caselaws?id=180417 The High Court held that deductions under section 80M(1) of the Income-tax Act should be computed on net dividend income after reducing the amount allowable under section 80K, as per section 80M(2). The Court ruled in favor of the Revenue, concluding that the net dividend income should be considered for deductions under section 80M(1). The case was disposed of with no order as to costs. en-us Mon, 07 Feb 1994 00:00:00 +0530 Wed, 23 Mar 2016 12:23:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180417 The High Court held that deductions under section 80M(1) of the Income-tax Act should be computed on net dividend income after reducing the amount allowable under section 80K, as per section 80M(2). The Court ruled in favor of the Revenue, concluding that the net dividend income should be considered for deductions under section 80M(1). The case was disposed of with no order as to costs. Case-Laws Income Tax Mon, 07 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180417