https://www.taxtmi.com/caselaws?id=58033 The Tribunal partially allowed the appeal, limiting the deduction under Section 80M to 60% of the dividend income included in the gross total income. It was determined that the ownership of shares by the assessee was not a prerequisite for claiming the deduction, as long as the gross total income included dividend income. The correct calculation for deduction under Section 80M amounted to Rs. 25,449, aligning with legal principles and court decisions. The decision clarified the eligibility criteria for claiming the deduction concerning partnership income. en-us Thu, 25 Feb 1993 00:00:00 +0530 Sat, 03 Sep 2011 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58033 The Tribunal partially allowed the appeal, limiting the deduction under Section 80M to 60% of the dividend income included in the gross total income. It was determined that the ownership of shares by the assessee was not a prerequisite for claiming the deduction, as long as the gross total income included dividend income. The correct calculation for deduction under Section 80M amounted to Rs. 25,449, aligning with legal principles and court decisions. The decision clarified the eligibility criteria for claiming the deduction concerning partnership income. Case-Laws Income Tax Thu, 25 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58033