https://www.taxtmi.com/caselaws?id=29058 The Tribunal upheld the interpretation of Rule 5(b), ruling that the Income Tax Officer's set off of appreciation against depreciation was improper. The full deduction claim of Rs. 4,52,510 was validated, and the benefit under sections 85 and 85A should be granted based on gross dividend income. The assessee was awarded costs, including a counsel fee of Rs. 500. en-us Thu, 29 Oct 1981 00:00:00 +0530 Wed, 10 Mar 2010 15:28:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29058 The Tribunal upheld the interpretation of Rule 5(b), ruling that the Income Tax Officer's set off of appreciation against depreciation was improper. The full deduction claim of Rs. 4,52,510 was validated, and the benefit under sections 85 and 85A should be granted based on gross dividend income. The assessee was awarded costs, including a counsel fee of Rs. 500. Case-Laws Income Tax Thu, 29 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29058