Insertion of new chapter XIIB

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..... ng to certain companies. - (1) Notwithstanding anything contained in any other provision of this Act, where in the case of an assessee being a company, the total income, as computed under this Act in respect of any previous year relevant to the assessment year commencing on or after the 1st day of April, 1988 (hereafter in this section referred to as the relevant previous year),' is less th .....

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..... by way of provision for losses of subsidiary companies or (e) the amount or amounts of dividends paid or proposed; or (f) the amount or amounts of expenditure relatable to any income to which any of the provisions of Chapter III applies, if any such amount is debited to the profit and loss account, and as reduced by, - (i) the amount withdrawn from reserve or provisions, if any such amount .....

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