https://www.taxtmi.com/caselaws?id=274633 The Tribunal allowed the appeals of the assesses, holding that deduction under section 80-M of the Income-tax Act is permissible for dividends received even if taxed under section 115-O(1), provided interim dividends were paid. The Tribunal overturned the CIT(A)'s disallowance, directing the Assessing Officer to allow the deduction claimed by the company. The decision, pronounced on June 30, 2011, clarified the eligibility of private limited companies to claim such deductions based on timely dividend distribution. en-us Thu, 30 Jun 2011 00:00:00 +0530 Sat, 25 Aug 2018 11:13:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274633 The Tribunal allowed the appeals of the assesses, holding that deduction under section 80-M of the Income-tax Act is permissible for dividends received even if taxed under section 115-O(1), provided interim dividends were paid. The Tribunal overturned the CIT(A)'s disallowance, directing the Assessing Officer to allow the deduction claimed by the company. The decision, pronounced on June 30, 2011, clarified the eligibility of private limited companies to claim such deductions based on timely dividend distribution. Case-Laws Income Tax Thu, 30 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274633