https://www.taxtmi.com/caselaws?id=58758 The Tribunal upheld the assessment made by the CIT (A) and dismissed the appeal filed by the assessee regarding the deduction under section 80M of the IT Act on the gross dividend income. The Tribunal determined that as an investment company, the assessee's interest liability for purchasing shares needed to be deducted before granting relief under section 80M. Consequently, the Tribunal held that the assessee was not eligible for any relief under section 80M of the IT Act. en-us Sat, 07 Jul 1984 00:00:00 +0530 Tue, 21 Dec 2010 18:14:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58758 The Tribunal upheld the assessment made by the CIT (A) and dismissed the appeal filed by the assessee regarding the deduction under section 80M of the IT Act on the gross dividend income. The Tribunal determined that as an investment company, the assessee's interest liability for purchasing shares needed to be deducted before granting relief under section 80M. Consequently, the Tribunal held that the assessee was not eligible for any relief under section 80M of the IT Act. Case-Laws Income Tax Sat, 07 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58758