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TMI Blog2020 (2) TMI 1151X X X X Extracts X X X X X X X X Extracts X X X X ..... h Court on 05.09.2008. That decision having become final will apply proprio vigore to the subject assessment year i.e. 1996-1997, in terms of the aforementioned order of the Tribunal. We order accordingly. Deduction u/s 80M - non-allocating personal and administrative and financial expenses proportionately for computing net dividend income referred to in Section 80AA - HELD THAT:- It is not in dis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... M. KHANWILKAR HON'BLE MR. JUSTICE DINESH MAHESHWARI For the Appellant : Ms. Kavita Jha, AOR Mr. Vaibhav Kulkarni, Adv. Mr. Udit Naresh, Adv For the Respondent : Mr. S. Wasim A. Qadri, Sr. Adv. Mr. H. Raghavendra Rao, Adv. Ms. Snidha Mehra, Adv. Mr. Chakitan V.S. Papta, Adv. Mr. B. V. Balaram Das, AOR ORDER CIVIL APPEAL NO.4089 OF 2016 1. Two issues have been answered by the High Court ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... As regards the first issue, the Tribunal in its final order dated 27.06.2008 had observed thus: - "We, therefore, keeping in view of the aforesaid application u/s 158A(1) of Income Tax Act 1961 moved by the assessee, decide the issue against the assessee with the rider that whenever the issue is settled by the Hon'ble Apex Court for the Assessment year 1998-99 that shall be applicable to this a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the case of PSIDC vs. DCIT, 103 ITJ 364 (Special Bench, Chandigarh). The learned counsel for the assessee has stated before us that he has no objection if actual expenditure, if any incurred for earning dividend income is deducted from the gross dividend receipt. We direct the Assessing Officer to work out the disallowance, if any." 5. It is not in dispute that thereafter the Assessing Office ..... X X X X Extracts X X X X X X X X Extracts X X X X
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