https://www.taxtmi.com/caselaws?id=5202 The judgment clarifies that assessees are entitled to relief under Section 85A for the assessment years 1965-66, 1966-67, and 1967-68, and under Section 80M for the assessment years 1968-69 and 1969-70. The entire amount of dividend income received from an Indian company is exempt from super-tax and eligible for rebate without deduction of interest paid on borrowings for acquiring the shares. The Commissioner is directed to pay the costs of the appeals and references to the respective assessees. en-us Fri, 04 May 1979 00:00:00 +0530 Tue, 19 Sep 2017 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5202 The judgment clarifies that assessees are entitled to relief under Section 85A for the assessment years 1965-66, 1966-67, and 1967-68, and under Section 80M for the assessment years 1968-69 and 1969-70. The entire amount of dividend income received from an Indian company is exempt from super-tax and eligible for rebate without deduction of interest paid on borrowings for acquiring the shares. The Commissioner is directed to pay the costs of the appeals and references to the respective assessees. Case-Laws Income Tax Fri, 04 May 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5202