Section- 80B(5) Interest and dividend will not form part of gross total income

HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 3224 OF 2009 The Commissioner of Income Tax. V/s. M/s. J. B. Boda & Co.P. Ltd. CORAM : V.C. DAGA AND R.M.SAVANT, JJ. DATED :  18th  October 2010. P.C. : Perused appeal. Heard learned counsel for the appellant­ Revenue and learned senior counsel for the respondent. 2. The question sought to be raised in this appeal relates to the deduction under section 80O of the Income  Tax  Act,   1961   (“Act”   for   short).     The   Tribunal   has  considered   th...