9911796707
TMI Blog1988 (1) TMI 20X X X X Extracts X X X X X X X X Extracts X X X X ..... as referred the following question as a question of law arising out of its order for the opinion of this court: " Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the assessee was entitled to relief under section 80M of the Income-tax Act, 1961, on the gross amount of dividend received from domestic companies and not in respect of the net dividend ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dividends." Section 44 of the Finance (No. 2) Act, 1980, provides for savings in certain cases which are not attracted to the facts of the instant case. For the reasons as aforesaid, in view of the said section 80AA of the Income-tax Act, 1961, the question has to be answered in the negative and in favour of the Revenue. The reference is disposed of accordingly without any order as to costs. S ..... X X X X Extracts X X X X X X X X Extracts X X X X
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