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1995 (9) TMI 28 - HC - Income Tax

The High Court of Madras ruled in a tax case under the Income-tax Act, 1961, that an assessee-company deriving income from dividends is entitled to exclude only the net dividend amount after deducting relief under section 80M. The judgment was delivered by Judge Abdul Hadi, agreeing with a previous court decision. The question was answered in the affirmative against the assessee, with no costs awarded.

 

 

 

 

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