The Current Indian Statutes January - December 1950

The Rehabilitation Finance Administration (Amendment) Act I of 1950 The Patents and Designs (Extension of Time) Act II of 1950 The Insolvency Law (Amendment) Act III of 195o The Preventive Detention Act IV of 1950 The I Idian Tariff (Amendment) Act V of 1950 The Imports and Exports (Control) Amendment Act VI of 1950 The High Courts (Seals) Act VII of 195o The Control of Shipping (Amendmen [...] 98.— In exercise of the powers conferred by sub-section (1) of section c9 of the Indian Incometax Act 1922 (XI of 1922) 11NOCentral Board of Revenue is pleased to make the following rules for the computtion of capital employed in an industrial undertaking for the purposes of section t sC of the said Act the same having been previously published as required by sub-section (4) of section 59 of [...] II dividing the amount of income-tax and super-tax payable in British India on the total income for the year in question by the amount of such total income ; (hi) the expression 'Merged State rate of tax' means the rate detemined by dividing the amount of income-tax and super-tax payable on the total income according to the rates of tax in force in the merged State for the year in question by t [...] (2) Where before the commencement of the Ordinance any income accruing or arising before the 1st day of August 194) has been assessed in the merged State or in British India and the whole or part of such income is alsc assessable in British India or the merged State as the caso may be the tax payable in resrect of the assessment to be made shall be reduced by the amount of double income-tax r [...] Before the Commissioner of Income-tax In the matter of the order made in the course of proceedings taken in pursuanze of a direction of the Central Government under sub-section (2) of section 8 of the Taxation on Income (Investigation Commission) Act i9472 in the case oR. C. No.