https://www.taxtmi.com/acts?id=4328 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. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 13:01:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4328 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. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4328