https://www.taxtmi.com/caselaws?id=25624 The High Court upheld the Tribunal's decision that deduction under section 80M of the Income-tax Act should be granted on net dividend income, not gross dividend income. The Court referred to relevant case law and legislative amendments to support this interpretation, ruling in favor of the Revenue. No costs were awarded in the case. en-us Thu, 18 Sep 1986 00:00:00 +0530 Fri, 29 Jan 2010 17:38:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25624 The High Court upheld the Tribunal's decision that deduction under section 80M of the Income-tax Act should be granted on net dividend income, not gross dividend income. The Court referred to relevant case law and legislative amendments to support this interpretation, ruling in favor of the Revenue. No costs were awarded in the case. Case-Laws Income Tax Thu, 18 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25624