Notification: S.O.1534 Date of Issue: 24/3/1976

Notification: S.O.1534

Section(s) Referred: 230A ,230A(3)

Statute: INCOME TAX

Date of Issue: 24/3/1976

In exercise of the powers conferred by sub-section (3) of section 230A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby notifies that the provisions of sub-section (1) of the said section shall not apply to :–

(a) a Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956) ; and

(b) a corporation established by or under a Central, State or Provincial Act