This Section has under gone changes from time to time since the date of its enactment and we will therefore reproduce it in the form in which it stood when originally enacted: "80M. Deduction in respect of certain inter corporate dividends (1) Where the gross total income of an assessee being a company includes any income by way of dividends received by it from a domestic company, there shall in accordance with and subject to the provisions of this section, be allowed, in computing the total income of the assessee, a deduction from such income by way of dividends of an amount equal to (a) Where the assessee is a foreign company (i) in respect of such income by was of dividends received by it from an Indian company which is not such a company as is referred to in Section 108 and which is mainly engaged in a priority industry 80% of such income; 797 (ii) in respect of such income by way of dividends other than the dividends referred to in sub clause (i) 65% of such income; (b) where the assessee is a domestic company in respect of any such income by way of dividends 60% of such income" There were several amendments made subsequently in this Section but they relate primarily to the percentage of the income to be allowed as a deduction and do not have any bearing on the question of interpretation posed before us.