https://www.taxtmi.com/caselaws?id=29281 The Tribunal upheld the Commissioner of Income Tax's order, allowing relief under section 85A based on gross dividend income for the assessment year 1967-68, and relief under section 80M based on net dividend income without deductions for the assessment years 1968-69 and 1969-70. The Supreme Court clarified that relief should be computed on gross dividend income, leading to a split decision in favor of the assessee for 1967-68 and in favor of the Revenue for 1968-69 and 1969-70. en-us Fri, 06 Feb 1981 00:00:00 +0530 Thu, 11 Mar 2010 18:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29281 The Tribunal upheld the Commissioner of Income Tax's order, allowing relief under section 85A based on gross dividend income for the assessment year 1967-68, and relief under section 80M based on net dividend income without deductions for the assessment years 1968-69 and 1969-70. The Supreme Court clarified that relief should be computed on gross dividend income, leading to a split decision in favor of the assessee for 1967-68 and in favor of the Revenue for 1968-69 and 1969-70. Case-Laws Income Tax Fri, 06 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29281