2024 (9) TMI 39

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..... wed in respect of expenditure incurred in relation to income which does not form part of the total income under the Income Tax Act - As decided in HC [ 2024 (3) TMI 254 - BOMBAY HIGH COURT] if expenditure is incurred on earning the dividend income, that much of the expenditure which is attributable to the dividend income has to be disallowed and cannot be treated as business expenditure. As the di .....

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