Insertion of new section 24AA

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..... 1) If the Central Government is satisfied that it is necessary or expedient so to do in the public interest, it may, by notification in the Official Gazette, make an exemption, reduction in rate or other modification in respect of surtax in favour of any class of foreign companies specified in sub-section (2) or in regard to the whole or any part of the chargeable profits of such class of companie .....

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..... t Government or any person specified by that Government in this behalf by notification in the Official Gazette. (3) Every notification issued under this section shall be laid before each House of Parliament Explanation : For the purposes of this section, mineral oil includes petroleum and natural gas.'. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Ta .....

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