Omission of section 80M removes a statutory dividend deduction mechanism, altering tax treatment of inter corporate dividends. Omission of section 80M deletes the specified deduction provision from the Income-tax Act, as effected by the Finance Act, 2003, so that the statutory entitlement to that deduction is removed and no further claims under that provision arise after its commencement.
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.
Omission of section 80M removes a statutory dividend deduction mechanism, altering tax treatment of inter corporate dividends.
Omission of section 80M deletes the specified deduction provision from the Income-tax Act, as effected by the Finance Act, 2003, so that the statutory entitlement to that deduction is removed and no further claims under that provision arise after its commencement.
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