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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Government Housing Corporation Granted Tax Exemption for Multiple Assessment Years Under Special Statutory Provisions</h1> The Housing and Urban Development Corporation Ltd., a government company, is exempted from paying income tax and surtax for the assessment years starting April 1, 1986, covering five previous years for income tax and two years for chargeable profits. This exemption is provided despite provisions in the Income-tax Act and Companies (Profits) Surtax Act, offering a specific tax relief to the government-owned corporation.
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