Corporation tax defined as a company-payable income tax excluding agricultural income and disallowing dividend-related deductions. Corporation tax denotes any tax on income payable by companies that excludes agricultural income, forbids deduction of tax paid from dividends payable to individuals under applicable enactments, and contains no provision to take that tax into account when computing the total income or income-tax liability or refund of individuals receiving such dividends.
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.
Corporation tax defined as a company-payable income tax excluding agricultural income and disallowing dividend-related deductions.
Corporation tax denotes any tax on income payable by companies that excludes agricultural income, forbids deduction of tax paid from dividends payable to individuals under applicable enactments, and contains no provision to take that tax into account when computing the total income or income-tax liability or refund of individuals receiving such dividends.
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