2000 (8) TMI 67 - HC - Income Tax

Summary

The High Court of Delhi ruled in favor of the assessee, stating that the dividend received from Gedore Tools (India) Pvt. Ltd. is entitled to relief under section 80K of the Income-tax Act, 1961. The judgment was made in reference to a question posed by the Revenue under section 256(1) of the Act. The court referred to a previous case where relief under section 80J had been allowed for Gedore Tools India Pvt. Ltd. The reference was disposed of accordingly.