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    <title>Exempts every Indian company [not being an investment company as defined in clause (ii) of section 109 of that Act] from the operation of the said section 104</title>
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    <description>Exempts Indian companies, excluding investment companies, from the operation of Section 104 for the previous year relevant to the assessment year commencing 1 April 1967 and subsequent years, where the company is engaged in export of goods or in constructional operations or services performed outside India and where receipts from those overseas activities constitute a majority of the aggregate sale proceeds or gross receipts credited to the profit and loss account for the relevant previous year.</description>
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      <description>Exempts Indian companies, excluding investment companies, from the operation of Section 104 for the previous year relevant to the assessment year commencing 1 April 1967 and subsequent years, where the company is engaged in export of goods or in constructional operations or services performed outside India and where receipts from those overseas activities constitute a majority of the aggregate sale proceeds or gross receipts credited to the profit and loss account for the relevant previous year.</description>
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