Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Deduction for foreign-company dividends ceased; previously allowed partial relief where shares issued for technical services and repatriated dividends. Deduction for dividends from certain foreign companies was omitted. Previously the section allowed a partial deduction where shares in a foreign company were allotted to an assessee in consideration of patents, proprietary rights, or technical services, provided the agreement had Board approval and dividend income was received in, converted to, or brought into India in convertible foreign exchange in accordance with foreign exchange law.
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.
Deduction for foreign-company dividends ceased; previously allowed partial relief where shares issued for technical services and repatriated dividends.
Deduction for dividends from certain foreign companies was omitted. Previously the section allowed a partial deduction where shares in a foreign company were allotted to an assessee in consideration of patents, proprietary rights, or technical services, provided the agreement had Board approval and dividend income was received in, converted to, or brought into India in convertible foreign exchange in accordance with foreign exchange law.
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