Amendment of section 15C

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..... s to any hotel which- (a) starts functioning on or after the first day of April, 1961 and is not formed by the splitting up, or the reconstruction of, business already in existence or by the transfer to a new business of building, machinery or plant previously used in any other business; (b) is owned and run by a company registered in the taxable territories with a paid-up capital of not less than .....

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..... dance with such rules as may be made in this behalf by the Central Board of Revenue. ; (e) in sub-section (6), for the words shall apply , the words shall, in relation to an industrial undertaking, apply shall be substituted, (f) after sub-section (6), the following sub-section shall be inserted, namely:- (7) The provisions of this section shall, in relation to a hotel, apply to the assessment for .....

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