The Gazette of India
EXTRAORDINARY
PUBLISHED BY AUTHORITY
NEW DELHI, SATURDAY, OCTOBER 9, 1948
G O V E R N M E NT OF INDIA
MINISTRY OF LAW
New Delhi, the 9th October 1948
ORDINANCE No. XXVII OF 1948
AN
ORDINANCE
further to amend the Excess Profits Tax Ordinance, 1943
WHEREAS an emergency has arisen which makes it necessary further to amend the Excess Profits Tax Ordinance, 1943 (XVI of 1943) ;
Now, THEREFORE, in exercise of the powers conferred by section 42 of the Govern- ment of India Act, 1935 (26 Geo. 5, c. 2), the Governor-General is pleased to make and promulgate the following Ordinance :—
1. Short title and commencement.—(1) This Ordinance may be called the excess Profits Tax Ordinance (Amendment) Ordinance, 1948.
(2) It shall come into force at once.
2. Amendment of section 2, Ordinance XVI of 1948.—For sub-section (3) of section 2 of the EXCESS PRofits Tax Ordinance, 1943, the following sub-section shall bo substituted, namely :—
"(3) Any further sum, such as is referred to in sub-section (i), deposited in a c c o r d a n ce with the provisions of that sub-section, whether before or after the commencement of the Excess Profits Tax Ordinance (Amendment) Ordinance, 1948 (XX.VII of 1948), shall not be repaid by the Central Government unless live years have expired from the date on which the deposit was made :
Provided that the Central Government may repay any such deposit before the expiry of the period specified herein if it is satisfied that such repayment is in the public interest."
C. RAJAGOPALACHARI,
Governor-General,
1634 THE GAZETTE OF INDIA EXTBA0BD1NAEY, OCT. 9, 194b MINISTRY OF FINANCE (REVENUE DIVISION).NOTIFICATION
EXCESS Paonin TAX
New Delhi, the Qth October 1948
No. 64.—In exercise of the powers conferred by btx-tion 10 of the Indian Finance Act, 1942 (XII of 1942), the Central Government is pleased to make th"j following further amendment to the Excess Profits Tax (Post War Befund) Bules, 1942, namely:—-
In rule 7 of the said Bules for the words "three years" and "twentyfour months" occurring in the first paragraph the words "six years'' and "sixty months" respectively, shall be substituted.
PYABE LAL,