https://www.taxtmi.com/caselaws?id=59236 Section 80-L(i) was interpreted to allow deduction on dividend income from Indian companies as received, rather than on a reduced figure after deducting interest expenditure incurred to earn that dividend. The governing principle was that "income by way of dividends" refers to the gross dividend amount included in the total income, not the net amount after set-off of related ? No-use English: after set-off of related interest expenditure. On that basis, the deduction was available on the full dividend income, without reduction for interest costs. en-us Wed, 14 Jan 1976 00:00:00 +0530 Mon, 27 Dec 2010 13:37:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59236 Section 80-L(i) was interpreted to allow deduction on dividend income from Indian companies as received, rather than on a reduced figure after deducting interest expenditure incurred to earn that dividend. The governing principle was that "income by way of dividends" refers to the gross dividend amount included in the total income, not the net amount after set-off of related ? No-use English: after set-off of related interest expenditure. On that basis, the deduction was available on the full dividend income, without reduction for interest costs. Case-Laws Income Tax Wed, 14 Jan 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59236