https://www.taxtmi.com/caselaws?id=180482 The Court affirmed the decisions of the Commissioner (Appeals) and the Tribunal, ruling in favor of the assessee on both issues. It directed the Income Tax Officer to recompute deductions under section 80M based on gross dividends without deducting proportionate expenditure, as the shares held were considered as stock-in-trade, eliminating the need for apportionment between dividend and business income. en-us Tue, 28 Nov 1995 00:00:00 +0530 Sat, 26 Mar 2016 10:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180482 The Court affirmed the decisions of the Commissioner (Appeals) and the Tribunal, ruling in favor of the assessee on both issues. It directed the Income Tax Officer to recompute deductions under section 80M based on gross dividends without deducting proportionate expenditure, as the shares held were considered as stock-in-trade, eliminating the need for apportionment between dividend and business income. Case-Laws Income Tax Tue, 28 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180482