"16 August 1971" Archive

Circular No. 63-Income Tax dated 16-8-1971

Circular No. 63-Income Tax (16/08/1971)

Circular No. 63-Income Tax The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (hereinafter referred to as the 1970 Act), was enacted by Parliament with a view to nationalising the undertakings of 14 commercial banks on payment of compensation aggregating to Rs. 87.40 crores....

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