https://www.taxtmi.com/caselaws?id=38328 The Tribunal justified apportioning total expenditure between business income and dividend income, allowing the appeals of the assessee, New India Investment Corporation Ltd. The Tribunal found that the dividend income was part of the business profits, allowing the entire expenditure as business expenditure. The High Court affirmed the Tribunal's decision in favor of the assessee. en-us Tue, 28 Feb 1978 00:00:00 +0530 Mon, 05 Apr 2010 14:11:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38328 The Tribunal justified apportioning total expenditure between business income and dividend income, allowing the appeals of the assessee, New India Investment Corporation Ltd. The Tribunal found that the dividend income was part of the business profits, allowing the entire expenditure as business expenditure. The High Court affirmed the Tribunal's decision in favor of the assessee. Case-Laws Income Tax Tue, 28 Feb 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38328