Deduction in respect of certain inter-corporate dividends.

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....ect of certain inter-corporate dividends. 148. (1) If the gross total income of a domestic company in any tax year includes any income by way of dividends from-- (a) any other domestic com....

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....tion 263(1). (2) Where any deduction, in respect of the amount of dividend distributed by the domestic company, has been allowed under sub-section (1) in any tax year, no deduction shall be allowed....