1988 (12) TMI 63 - HC - Income Tax

Summary

The High Court of Punjab and Haryana ruled in favor of the assessee in two questions of law related to assessment years 1972-73 to 1975-76 and 1974-75 to 1975-76. The judgment was delivered by Judge S. S. Sodhi. The questions involved deductions under sections 80K and 80M of the Income-tax Act and the exclusion of gross dividend from total income. The court's decision was based on previous judgments and the reference was disposed of with no costs awarded.