Amendment of section 115-O

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..... stic 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 (b) where such subsidiary is a foreign company, the tax is payable by the domestic company under section 115BBD on such dividend: .....

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..... sed to amend clause (i) of the aforesaid subsection (1A) so as to provide that in case a domestic company receives any dividend from any of its subsidiary during the financial year and where such subsidiary - (a) is a domestic company, the subsidiary has paid tax, if any payable, on such dividend; or (b) is a foreign company, the tax is payable by the domestic company under secti .....

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