https://www.taxtmi.com/caselaws?id=21575 The Court ruled in favor of the assessee, holding that the relief under section 80M of the Income-tax Act was correctly granted. It determined that the deduction should be allowed on dividend income before setting off losses, as long as it does not exceed the total income. The Court's interpretation clarified the computation of deductions on dividend income and the treatment of losses under different heads for tax purposes, providing guidance on the application of section 80M of the Income-tax Act, 1961. en-us Mon, 06 Jan 1992 00:00:00 +0530 Wed, 25 Nov 2009 15:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21575 The Court ruled in favor of the assessee, holding that the relief under section 80M of the Income-tax Act was correctly granted. It determined that the deduction should be allowed on dividend income before setting off losses, as long as it does not exceed the total income. The Court's interpretation clarified the computation of deductions on dividend income and the treatment of losses under different heads for tax purposes, providing guidance on the application of section 80M of the Income-tax Act, 1961. Case-Laws Income Tax Mon, 06 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21575