Meaning of “Income so included”

Case Name : Cloth Traders (P.) Ltd. Vs. Addl.Cit/Cit Vs. H.K. Investment Co. (P.) Ltd./ H.K. Investment (P.) Ltd. V. Cit/C.V. Mehta (P.) Ltd. V. Cit/Distributors (Baroda) (P.) Ltd. Vs. Cit

Citation :[1979] 118 ITR 243 (SC)

Court : Supreme Court

Section : 80M

Meaning : The words ‘income so included’ under section 80m do not refer to the quantum of the income included but only to the category of income included, viz., ‘Income by way of dividends from an indian company’.

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