https://www.taxtmi.com/caselaws?id=189283 The Tribunal allowed deductions for certain expenses in the computation of total income under the Income-tax Act, 1961. The Tribunal found that the expenses were incurred for business purposes and protecting assets, leading to their deductibility. However, it was determined that the assessee did not incur significant expenses for collecting dividends, resulting in the deletion of certain expenditure for relief under section 80M. The Tribunal upheld the Commissioner (Appeals) orders on these matters, ultimately rejecting the application. The judgment affirmed the Tribunal's decisions, leading to the dismissal of the case. en-us Mon, 19 Sep 1988 00:00:00 +0530 Wed, 04 Jan 2017 16:07:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189283 The Tribunal allowed deductions for certain expenses in the computation of total income under the Income-tax Act, 1961. The Tribunal found that the expenses were incurred for business purposes and protecting assets, leading to their deductibility. However, it was determined that the assessee did not incur significant expenses for collecting dividends, resulting in the deletion of certain expenditure for relief under section 80M. The Tribunal upheld the Commissioner (Appeals) orders on these matters, ultimately rejecting the application. The judgment affirmed the Tribunal's decisions, leading to the dismissal of the case. Case-Laws Income Tax Mon, 19 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189283