https://www.taxtmi.com/caselaws?id=5195 The Supreme Court dismissed the appeal against the High Court of Calcutta's order, which refused to refer a question of law regarding deduction under section 80M of the Income Tax Act, 1961. The Court found it unnecessary to refer the question as the Tribunal had already determined that no borrowings were made for earning dividends, making the deduction irrelevant. The appeal was dismissed with costs. en-us Fri, 12 Jan 1979 00:00:00 +0530 Fri, 31 Aug 2018 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5195 The Supreme Court dismissed the appeal against the High Court of Calcutta's order, which refused to refer a question of law regarding deduction under section 80M of the Income Tax Act, 1961. The Court found it unnecessary to refer the question as the Tribunal had already determined that no borrowings were made for earning dividends, making the deduction irrelevant. The appeal was dismissed with costs. Case-Laws Income Tax Fri, 12 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5195