Apportionment of company income for dividend distribution tax changes allocation and tax treatment for specified businesses. The amendment (effective 1 April 1978) omits clause (ia) and substitutes clause (iii)(3) of Section 109, requiring apportionment of a company's gross total income into parts attributable to specified activities (construction/manufacture/energy, provision of technical know how, and the remaining income) with separate tax treatments for each part, and provides that dividends actually distributed and distributable income be apportioned likewise for application of the Chapter's distribution provisions.
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.
Apportionment of company income for dividend distribution tax changes allocation and tax treatment for specified businesses.
The amendment (effective 1 April 1978) omits clause (ia) and substitutes clause (iii)(3) of Section 109, requiring apportionment of a company's gross total income into parts attributable to specified activities (construction/manufacture/energy, provision of technical know how, and the remaining income) with separate tax treatments for each part, and provides that dividends actually distributed and distributable income be apportioned likewise for application of the Chapter's distribution provisions.
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