Section 80M deduction allowed for dividend ‘distributed’ on or before due date

Purnasons Pvt. Ltd Vs ITO (ITAT Kolkata) Section 80M deduction allowed if amount of dividend “distributed” on or before due date under section 139(1) In the case of Purnasons Pvt. Ltd vs. ITO (ITAT Kolkata), the appeal pertains to the Assessment Year 2021-22 and is directed against the order passed by the Commissioner of Income-tax (Appeals)- National Faceless Appeal Centre, Delhi [CIT(A)] under section 250 of the Income Tax Act, 1961 (the Act) dated 30.10.2023, arising out of the assessment order framed under section 154 of the Act dated 16.01.2023. The assessee, a private limited com...