2015 (7) TMI 1213

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..... Expenditure incurred for purpose of earning dividend - Held that:- Assessee has no other business and its entire income earned is from dividend and the expenditure in question is relatable and was incurred for the purpose of earning dividend. Appeal filed by assessee dismissed - I.T.A. No.6964/Del/2014 - - - Dated:- 16-7-2015 - J. S. Reddy (Accountant Member) For the Appellant : None .....

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..... is ground is without merit. 4. On other grounds, Ld. D.R. submitted that the assessee has no other business and its entire income earned is from dividend and the expenditure in question is relatable and was incurred for the purpose of earning dividend. After perusing the order of first appellate authority, I find no infirmity in the same. Under these circumstances, I affirm the same. 5. In t .....

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