https://www.taxtmi.com/caselaws?id=12878 The High Court ruled in favor of the assessee on both issues. Regarding the first issue, expenses for the Investment Department's salary were found to be directly related to earning dividend income for deduction under section 80M of the Income-tax Act. On the second issue, debiting an amount to 'Reserve for doubtful debts' was deemed compliant with the law, as the debt was written off as required, and the Department failed to challenge the irrecoverability. The appeal was dismissed with no costs. en-us Thu, 28 Sep 2000 00:00:00 +0530 Fri, 22 May 2009 17:19:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12878 The High Court ruled in favor of the assessee on both issues. Regarding the first issue, expenses for the Investment Department's salary were found to be directly related to earning dividend income for deduction under section 80M of the Income-tax Act. On the second issue, debiting an amount to 'Reserve for doubtful debts' was deemed compliant with the law, as the debt was written off as required, and the Department failed to challenge the irrecoverability. The appeal was dismissed with no costs. Case-Laws Income Tax Thu, 28 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12878