https://www.taxtmi.com/caselaws?id=18530 In computing chargeable profits under rule 1(viii) of the First Schedule to the Companies (Profits) Surtax Act, 1964, only the net dividend remaining after reducing the gross dividend by section 80M relief is excludible. The issue was treated as settled by binding precedent on the same question, and that position was applied without fresh reconsideration of the merits. The question was answered in favour of that computation method and against the assessee. en-us Thu, 14 Sep 1995 00:00:00 +0530 Thu, 01 Oct 2009 14:07:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18530 In computing chargeable profits under rule 1(viii) of the First Schedule to the Companies (Profits) Surtax Act, 1964, only the net dividend remaining after reducing the gross dividend by section 80M relief is excludible. The issue was treated as settled by binding precedent on the same question, and that position was applied without fresh reconsideration of the merits. The question was answered in favour of that computation method and against the assessee. Case-Laws Income Tax Thu, 14 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18530