Amendment of section 115-O

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....bsp; "(i) the amount of dividend, if any, received by the domestic company during the financial year, if such dividend is received from its subsidiary and,-                (a) where such subsidiary is a domestic company, the subsidiary has paid the tax which is payable under this section on such dividend; or   &n....

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....end is received from its subsidiary; and         (b) the subsidiary has paid tax payable under this section on such dividend.     The said sub-section also provides that the same amount of dividend shall not be reduced more than once.     It is proposed to amend clause (i) of the aforesaid subsection (1A) so a....