TMI BlogAmendment of section 115-OX X X X Extracts X X X X X X X X Extracts X X X X ..... rofits payable in accordance with this section, any amount by way of dividends referred to in sub-section (1) as reduced by the amount referred to in sub-section (1A) [hereafter referred to as net distributed profits], shall be increased to such amount as would, after reduction of the tax on such increased amount at the rate specified in sub-section (1), be equal to the net distributed profits. . ..... X X X X Extracts X X X X X X X X Extracts X X X X
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