https://www.taxtmi.com/caselaws?id=9780 The court upheld the disallowance of deductions for electricity charges and inter-corporate dividends under section 80M for the assessment year 1995-96. It was ruled that the deduction under section 80M is applicable only for dividends actually distributed to shareholders before the due date, not just declared. Additionally, the court dismissed the appeal regarding the disallowance of electricity charges incurred prior to April 1, 1994, stating that known expenditures should be provisioned for in advance, and past failures to account for such expenses do not justify claiming them in subsequent years. en-us Thu, 04 May 2006 00:00:00 +0530 Tue, 30 Jun 2009 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9780 The court upheld the disallowance of deductions for electricity charges and inter-corporate dividends under section 80M for the assessment year 1995-96. It was ruled that the deduction under section 80M is applicable only for dividends actually distributed to shareholders before the due date, not just declared. Additionally, the court dismissed the appeal regarding the disallowance of electricity charges incurred prior to April 1, 1994, stating that known expenditures should be provisioned for in advance, and past failures to account for such expenses do not justify claiming them in subsequent years. Case-Laws Income Tax Thu, 04 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9780