Substitution of new section for section 150.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....come of an assessee being a federal co-operative, in any tax year, includes any income by way of dividends received from its investment with any company, a deduction shall be allowed from such income, to the extent of the amount which,-- (a) has arisen from such investment as recorded in its books of account on or before the 31st January, 2026; and (b) has been distributed by it ....