Tax on distributed profits reinstated, making dividends from SEZ developers chargeable for payments after the repeal date. A proviso is inserted to sub section (6) of section 115 O terminating the exemption that had prevented tax on distributed profits from being chargeable on dividends declared, distributed or paid by undertakings or enterprises engaged in developing, operating or maintaining Special Economic Zones; as a result, such dividends paid on or after the stated date will be subject to tax on distributed profits under section 115 O.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax on distributed profits reinstated, making dividends from SEZ developers chargeable for payments after the repeal date.
A proviso is inserted to sub section (6) of section 115 O terminating the exemption that had prevented tax on distributed profits from being chargeable on dividends declared, distributed or paid by undertakings or enterprises engaged in developing, operating or maintaining Special Economic Zones; as a result, such dividends paid on or after the stated date will be subject to tax on distributed profits under section 115 O.
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