Dividend arrangement requirement removed - explanatory clause on foreign companies' prescribed arrangements for Indian dividend payments omitted. An explanatory clause conditioning dividend treatment on a foreign company having a prescribed arrangement for declaration and payment of dividends within India has been omitted, removing the statutory requirement that linked dividend treatment to in India declaration and payment arrangements for dividends arising from income in India, with the omission given retrospective effect.
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Provisions expressly mentioned in the judgment/order text.
Dividend arrangement requirement removed - explanatory clause on foreign companies' prescribed arrangements for Indian dividend payments omitted.
An explanatory clause conditioning dividend treatment on a foreign company having a prescribed arrangement for declaration and payment of dividends within India has been omitted, removing the statutory requirement that linked dividend treatment to in India declaration and payment arrangements for dividends arising from income in India, with the omission given retrospective effect.
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