CHAPTER XI

ADDITIONAL INCOME-TAX ON UNDISTRIBUTED PROFITS

Chapter XI was omitted by the Finance Act, 1987, w.e.f. 1-4-1988. Sections 95 to 103 relating to super-tax were omitted by the Finance Act, 1965, w.e.f. 1-4-1965 and sections 104 to 109 were omitted by the Finance Act, 1987, w.e.f. 1-4-1988.]

104. Income-tax on undistributed income of certain companies:-

Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. Prior to the omission, section 104 was amended by the Finance Act, 1964, w.e.f. 1-4-1964; Finance Act, 1965, w.e.f. 1-4-1965; Finance Act, 1966, w.e.f. 1-4-1966; Finance (No. 2) Act, 1967, w.e.f. 1-4-1968; Finance Act, 1973, w.e.f. 1-4-1974; Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976 and Finance (No. 2) Act, 1977, w.e.f. 1-4-1978.]

105. Special provisions for certain companies:-

Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. It was amended by the Finance Act, 1973, w.e.f. 1-4-1974.]

106. Period of limitation for making orders under section 104:-

Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. Prior to the omission, section 106 was amended by the Finance Act, 1964, w.e.f. 1-4-1964 and substituted by the Finance Act, 1975, w.e.f. 1-4-1975.]

107. Approval of Inspecting Assistant Commissioner for orders under section 104:-

Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. It was amended by the Finance Act, 1964, w.e.f. 1-4-1964]

107A. Reduction of minimum distribution in certain cases:-

Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. Original section was inserted by the Finance Act, 1964, w.e.f. 1-4-1964 and amended by the Finance (No. 2) Act, 1977, w.e.f. 10-7-1978.]

108. Savings for company in which public are substantially interested:-

Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.]

109. "Distributable income", "investment company" and "statutory percentage" defined:-

Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. Prior to the omission, section 109 was amended by the Finance (No. 2) Act, 1962, w.e.f. 1-4-1962; Finance Act, 1964, w.e.f. 1-4-1964; Finance Act, 1965, w.e.f. 1-4-1965; Finance Act, 1966, w.e.f. 1-4-1966; Finance (No. 2) Act, 1967, w.e.f. 1-4-1968; Finance Act, 1968, w.e.f. 1-4-1969; Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976; Finance (No. 2) Act, 1977, w.e.f. 1-4-1978 and Finance Act, 1983, w.e.f. 1-4-1984]