https://www.taxtmi.com/caselaws?id=19598 The court held that for computing deductions under section 80M(1), the net dividend income should be reduced by the deductions allowable under section 80K. The court emphasized that granting double relief under sections 80K and 80M(1) was not the legislative intent. The references were decided in favor of the Revenue, concluding that the net dividend income must be considered after reducing the dividend income by the relief under section 80K. The cases were disposed of with no order as to costs. en-us Tue, 08 Feb 1994 00:00:00 +0530 Sat, 07 Nov 2009 12:19:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19598 The court held that for computing deductions under section 80M(1), the net dividend income should be reduced by the deductions allowable under section 80K. The court emphasized that granting double relief under sections 80K and 80M(1) was not the legislative intent. The references were decided in favor of the Revenue, concluding that the net dividend income must be considered after reducing the dividend income by the relief under section 80K. The cases were disposed of with no order as to costs. Case-Laws Income Tax Tue, 08 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19598