REGISTERED No. D. 221 रजिस्ट्री सं ० डी० 221
भारत का राजपत्र The Gazette of India
प्रसाधारण
EXTRAORDINARY
भाग II-- खण्ड 3 -- जनखण्ड ( ii )
PART II- Section 3 -Sub - section ( ii )
प्राधिकार से प्रकाशित
PUBLISHED BY AUTHORITY
नई दिल्ली, मंगलवार , अम 6 , 1967/ ज्येष्ठ 16 , 1889
सं० 311]
NEW DELHI , TUESDAY , JUNE 6 , 1967 / JYAISTHA 16, 1889 No. 311 ]
इस भाग में भिन्न पृष्ठ संख्या ही जाती है जिससे कि यह अलग संकलन के का में रखा आ सके ।
Separate paging is given to this Part in order that it may be filed as a separate compilation .
MINISTRY OF FINANCE
(Department of Revenue and Insurance )
NOTIFICATION
INCOME - TAX
New Delhi , the 6th June 1967
S.O. 2007. In exercise of the powers conferred by sub - section ( 3 ) of section 104 of the Income- tax Act . 1961 ( 43 of 1961 ) , the Central Government being of opinion that it is necessary and expellent in the pub'ic interest so to do. hereby exempts very Indian company [not[ not being an Investment company as defined in clauclause ( 11 ) of section 100 of that Act ) from the operation of the said section 104 in respect of the previous year relevant to the assessment year commencing on the 1st day of April , 1967 , and any subsequent assessment year :
Provided that-
(1) the company is engaged in any business of exporting goods or merchandise out of India or in any business which involves the performance of any constructional operations or rendering of any service outside India : and
(2) in respect of the sald previous year . the amount of the sale proceeds derived by the company from the export of goods or merchandise out of India or gross recelots derived by it from the constructional opera- tions or services rendered outside India , as the case may be . is fifty per cent . or more of the aggregate amount of the sale proceeds or, as the case may be . the gross receipts of the re'evant previous year credited to the profit and loss account of the company.
[No. 41 / F . No. 1 ( 113 ) / 67 - TPL . ]
S. A. L. NARAYANA ROW , Addl , Secy.
( 1137 )
PRINTED IN INDIA BY THE GENERAL MANAGER , GOVERNMENT OF INDIA PRESS , NEW DELHI AND PUBLISHED BY THE MANAGER OF PUBLICATIONS , DELHI , 1967