Omitted

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..... Special provision for computation of income in certain cases. 115K. 1 [****] --------------------------- Notes :- 1. Omitted by the Finance Act, 1997, w.e.f. 1-4-1998 Prior to its omission, section 115K, as inserted by the Finance Act, 1992, w.e.f. 1-4-1993, and later on amended by the Finance Act, 1993, w.e.f. 1-4-1993/1-4-1994, the Finance Act, 1 .....

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..... n accordance with the provisions of sub-section (4), a sum of forty-nine thousand three hundred and thirty rupees shall be deemed to be the profits and gains of such person from such business or vocation. (2) The provisions of sub-section (1) shall apply to any person, being an individual or a Hindu undivided family, where- (a) such person has not been assessed to income-tax for any assessme .....

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..... referred to in clause (a), clause (b) or, as the case may be, clause (c) of sub-section (1) during the relevant previous year. (3) Any person to whom this section applies shall be liable to pay tax, at the rate specified in the Finance Act of the relevant year for computing advance tax, on the income deemed under sub-section (1) and the other income referred to in clause (c) of sub-section (2) .....

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..... verified in the prescribed manner; (b) be submitted on or before the 31st day of March of the relevant previous year along with the proof of payment of the amount of tax referred to in sub-section (3). Explanation .-For the purposes of this section,- (a) the expressions motor cab , maxicab and motor vehicle shall have the meanings respectively assigned to them in section 2 of th .....

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..... ether the power of propulsion is transmitted thereto from an external or internal source and includes a chassis to which a body has not been attached and a trailer; but does not include a vehicle running upon fixed rails or a vehicle of a special type adapted for use only in a factory or in any other enclosed premises or a vehicle having less than four wheels fitted with engine capacity of not exc .....

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