https://www.taxtmi.com/caselaws?id=9565 The court ruled in favor of the appellant on both issues. Firstly, it allowed the deduction for a contingent liability in the computation of business income. Secondly, it held that the investment in a particular entity qualified as an eligible business under section 32AB, including the dividend income earned from this investment in computing profits. The appeal was allowed with no order as to costs. en-us Mon, 03 Oct 2005 00:00:00 +0530 Sat, 27 Jun 2009 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9565 The court ruled in favor of the appellant on both issues. Firstly, it allowed the deduction for a contingent liability in the computation of business income. Secondly, it held that the investment in a particular entity qualified as an eligible business under section 32AB, including the dividend income earned from this investment in computing profits. The appeal was allowed with no order as to costs. Case-Laws Income Tax Mon, 03 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9565