2010 (10) TMI 1102

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..... for the respondent. JUDGEMENT Perused appeal. Heard learned counsel for the appellantRevenue and learned senior counsel for the respondent. 2. The question sought to be raised in this appeal relates to the deduction under section 80O of the Income Tax Act, 1961 ("Act" for short). The Tribunal has considered this question taking into account the calculations made by the Assessing Officer; wh .....

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..... his Act, before making any deduction under this Chapter." 3. Considering the definition of the gross total income, it is difficult to hold that the interest income and the dividend income would not form part of the gross total income computed in accordance with the provisions of the Act. The view taken by the Tribunal, in our considered view, is in consonance with what is stated herein. No substa .....

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