Amendment of section 115JB.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... een per cent.", at both the places where they occur, the words "eighteenand one-half per cent." shall be substituted; (ii) in sub-section (6) [as so inserted by the Special Economic Zones Act, 2005], (28 of 2005). The following proviso shall be inserted, namely:-- "Provided that the provisions of this sub-section shall cease to have effect in respect of any previous year relevant to the assessm .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tion to provide that if the income-tax payable on the total income as computed under the Income-tax Act in respect of any previous year relevant to the assessment year commencing on or after the 1st day of April, 2012 is less than eighteen and one-half per cent. of its book profit, such book profit shall be deemed to be the total income of the assessee and the tax payable for the relevant previous .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X