Omitted

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....stant Commissioner" 3.  Omitted vide Section 41 of the Finance Act, 1987 w.e.f. 01-04-1988 before it was read as, "1[Reduction of minimum distribution in certain cases. 107A. (1) If any company to which the provisions of section 104 apply (not being an investment company) considers that, having regard to the current requirements for the development of its busine....

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....y a fee of one hundred rupees. (4) If the Board is satisfied that a distribution equal to the statutory percentage of the distributable income of the company concerned would be unreasonable, it may reduce the amount of minimum distribution required of the company under this Chapter by such amount, not exceeding twenty per cent. of the statutory percentage-of its distributable income, as it may c....

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....tax Officer shall not make any order under section 104 until the decision is given by the Board on that application: Provided that where a company is required to make a distribution or further distribution of its profits and gains in accordance with the decision of the Board and fails to make such distribution or further distribution within the period determined thereunder, the Income-tax Office....