2008 (2) TMI 586

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..... nd reducing the same from the dividend income in respect of which section 80M relief is claimed by the assessee. Held that- the amount of dividend and disallowance involved being negligible there was no ground to interfere with the order of Tribunal. Dismiss the appeal. - 208 and 209 of 2001. - - - Dated:- 5-2-2008 - C.N. RAMACHANDRAN NAIR and T.R. RAMACHANDRAN NAIR JJ. P.K.R. Menon and .....

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..... e Revenue's appeals are dismissed on these issues. 2. The only remaining question pertains to computation of relief under section 80M which provides for 60 per cent. of the deduction of dividend received from other companies. The Assessing Officer made recomputation making partial disallowance of the claim on the ground that the assessee would have incurred some expenditure for earning the divid .....

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