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of <h1>Section 106 omitted: removal of time limits for orders under Section 104 on undistributed company profits</h1> Section 106 of the Income-tax Act, 1961, which previously prescribed time limits for making orders under section 104 regarding additional income-tax on undistributed profits, has been omitted. Historical notes show it was inserted in 1964, revised in 1975 to set limitation periods (varying between two and four years depending on the assessment year and one year after reassessment) and included a proviso exempting cases where a company applied to the Board under section 107A; the provision was ultimately removed effective 1 April 1988.
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