https://www.taxtmi.com/caselaws?id=14279 The High Court of CALCUTTA held that a partner in a firm is entitled to claim a deduction under section 80M of the Income-tax Act, 1961 for dividend income received through the firm. The court emphasized that once dividend income is included in the assessment, the assessee is entitled to all benefits under the relevant provisions of the Act, citing precedents supporting this interpretation. The court ruled in favor of the assessee, directing the Revenue accordingly and disposing of the reference. en-us Fri, 23 Mar 2001 00:00:00 +0530 Tue, 14 Jul 2009 18:32:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14279 The High Court of CALCUTTA held that a partner in a firm is entitled to claim a deduction under section 80M of the Income-tax Act, 1961 for dividend income received through the firm. The court emphasized that once dividend income is included in the assessment, the assessee is entitled to all benefits under the relevant provisions of the Act, citing precedents supporting this interpretation. The court ruled in favor of the assessee, directing the Revenue accordingly and disposing of the reference. Case-Laws Income Tax Fri, 23 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14279