https://www.taxtmi.com/caselaws?id=57179 The Revenue successfully appealed against the assessee, a Private Limited Company, regarding the eligibility for exemption under section 80K of the Income Tax Act for the assessment year 1981-82. The Tribunal ruled that the assessee was not entitled to relief under section 80K as the provision aims to benefit the person in whose hands the dividend income is taxable, which in this case was the shareholder firm, not the assessee. Therefore, the Revenue's appeal was upheld, and the assessee's claim for relief under section 80K was denied. en-us Wed, 29 May 1985 00:00:00 +0530 Wed, 08 Dec 2010 17:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57179 The Revenue successfully appealed against the assessee, a Private Limited Company, regarding the eligibility for exemption under section 80K of the Income Tax Act for the assessment year 1981-82. The Tribunal ruled that the assessee was not entitled to relief under section 80K as the provision aims to benefit the person in whose hands the dividend income is taxable, which in this case was the shareholder firm, not the assessee. Therefore, the Revenue's appeal was upheld, and the assessee's claim for relief under section 80K was denied. Case-Laws Income Tax Wed, 29 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57179