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    <title>Housing and Urban Development Finance Corporation Private Ltd. to be exempt for a certain period from liability to pay income-tax and surtax</title>
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    <description>Statute exempts the Housing and Urban Development Finance Corporation Private Ltd., defined as a Government company, from liability under the Income-tax Act and the Companies (Profits) Surtax Act for its income, profits and gains for the previous year relevant to the assessment year commencing 1 April 1971 and for the fourteen previous years next following that previous year, with the legislative text noting a subsequent substitution altering the duration of the exemption.</description>
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      <description>Statute exempts the Housing and Urban Development Finance Corporation Private Ltd., defined as a Government company, from liability under the Income-tax Act and the Companies (Profits) Surtax Act for its income, profits and gains for the previous year relevant to the assessment year commencing 1 April 1971 and for the fourteen previous years next following that previous year, with the legislative text noting a subsequent substitution altering the duration of the exemption.</description>
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