https://www.taxtmi.com/caselaws?id=59996 The Tribunal upheld the deduction of collection expenses for computing net dividend income under section 80M. It disagreed with the assessee's argument that such expenses should not be considered, citing sections 57(i) and 57(iii) of the Income Tax Act. The Tribunal reduced the estimated collection expenses from Rs. 50,000 to Rs. 25,000, partially allowing the appeal and confirming the ITO's decision on interest expenses. The decision provided a thorough analysis of relevant provisions and affirmed the inclusion of collection expenses in calculating the deduction for dividend income. en-us Mon, 10 Nov 1986 00:00:00 +0530 Mon, 03 Jan 2011 12:07:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59996 The Tribunal upheld the deduction of collection expenses for computing net dividend income under section 80M. It disagreed with the assessee's argument that such expenses should not be considered, citing sections 57(i) and 57(iii) of the Income Tax Act. The Tribunal reduced the estimated collection expenses from Rs. 50,000 to Rs. 25,000, partially allowing the appeal and confirming the ITO's decision on interest expenses. The decision provided a thorough analysis of relevant provisions and affirmed the inclusion of collection expenses in calculating the deduction for dividend income. Case-Laws Income Tax Mon, 10 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59996