https://www.taxtmi.com/caselaws?id=14433 The High Court directed the Income-tax Appellate Tribunal to refer legal questions regarding the apportionment of interest paid on loans between business income and income from dividends, and the correct method for calculating deduction under section 80M, to the High Court for opinion. The Tribunal's decision to allow the deduction on gross dividend income was challenged by the Revenue, leading to the High Court's determination that these issues were legal matters requiring clarification. The High Court instructed the Tribunal to refer the questions for the High Court's opinion, emphasizing the legal nature of the disputes. en-us Thu, 17 Sep 1998 00:00:00 +0530 Wed, 15 Jul 2009 17:43:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14433 The High Court directed the Income-tax Appellate Tribunal to refer legal questions regarding the apportionment of interest paid on loans between business income and income from dividends, and the correct method for calculating deduction under section 80M, to the High Court for opinion. The Tribunal's decision to allow the deduction on gross dividend income was challenged by the Revenue, leading to the High Court's determination that these issues were legal matters requiring clarification. The High Court instructed the Tribunal to refer the questions for the High Court's opinion, emphasizing the legal nature of the disputes. Case-Laws Income Tax Thu, 17 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14433