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Omitted
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....964 before it was read as, "in any of the activities specified in the preceding clause" 7. Omitted vide Section 31 of the Finance Act, 1965 w.e.f. 01-04-1965 before it was read as, "and super-tax" 8. Inserted vide Section 31 of the Finance Act, 1965 w.e.f. 01-04-1965 9. Inserted vide Section 31 of the Finance Act, 1965 w.e.f. 01-04-1965 10. Inserted vide Section 21 of the Finance Act, 1966 w.e.f. 01-04-1966 11. Substituted vide Section 21 of the Finance Act, 1966 w.e.f. 01-04-1966 before it was read as, "(ii) "investment company" means a company whose business consists wholly or mainly in the dealing in or holding of investments;" 12. Omitted vide Section 21 of the Finance Act, 1966 w.e.f. 01-04-1966 before it was read as, "wholly or" 13. Inserted vide Section 21 of the Finance Act, 1966 w.e.f. 01-04-1966 14. Substituted vide Section 21 of the Finance Act, 1966 w.e.f. 01-04-1966 before it was read as, "(3) in the case of an Indian company, a part only of whose business consists ^6[in the manufacture or processing of goods....
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.... 24. Substituted vide Third Schedule of the Finance (No. 2) Act, 1967 w.e.f. 01-04-1968 before it was read as, "total income" 25. Substituted vide Third Schedule of the Finance (No. 2) Act, 1967 w.e.f. 01-04-1968 before it was read as, "total income" 26. Substituted vide Third Schedule of the Finance (No. 2) Act, 1967 w.e.f. 01-04-1968 before it was read as, "total income" 27. Substituted vide Third Schedule of the Finance (No. 2) Act, 1967 w.e.f. 01-04-1968 before it was read as, "total income" 28. Inserted vide Third Schedule of the Finance (No. 2) Act, 1967 w.e.f. 01-04-1968 29. Substituted vide Third Schedule of the Finance Act, 1968 w.e.f. 01-04-1969 before it was read as, "^11[(ii), "investment company" means a company whose ^20[gross total income] consists mainly of income which, if it had been the income of an individual, would have been regarded as unearned income. Explanation.-In this clause, the expression "unearned income" has the meaning assigned to it in the Finance Act of the relevant year;]" 30. Inserted vide Section 28 of the Taxati....
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....its and gains attributable to the business of provision of technical know-how, or of rendering services in connection with the provision of technical know-how, to other persons, or of construction of ships or of manufacture or processing of goods or of mining or of generation or distribution of electricity or any other form of power- (a) in relation to the said part of its gross total income 45%;] (b) in relation to the remaining part of its ^24[gross total income]- (1) if it is an investment company or a company which satisfies the conditions specified in sub-clause (4) (a) of this clause 90%; (2) in any other case 60%. ^33[Explanation.-The provisions of this Chapter shall apply at if the aforesaid two parts of the gross total income of the company were respectively the gross total income of the company in relation to each such part and as if the amount of dividends actually distributed and the distributable income were also similarly apportioned for the purposes of section 104 and this section;]" 37. Substituted vide Section 34 of the Finance Act, 1983 w.e.f. 01-04-1984 before it was read as, "Explanati....
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....urpose of making or earning any income (other than income chargeable under the head "Profits and gains of business or profession") ^19[included in the gross total income] but not allowed to be deducted in computing such income and not resulting in the creation of an asset or enhancement in the value of an existing asset;] ^30[(ia) ^34[****] (ib) "consultancy service company" means an Indian company whose business consists wholly in the provision of technical know-how, or in the rendering of services in connection with the provision of technical know-how, to other persons. ^37[Explanation : In this clause and in sub-clause (3) of clause (iii), the expression "provision of technical know-how" means, - (i) the transfer of all or any rights (including the granting of a licence) in respect of a patent, invention, model, design secret formula or process or similar property; (ii) the imparting of any information concerning the working of, or the use of, a patent, invention, model, design, secret formula or process or similar property; (iii) the use of any patent, invention, model, design, secret formula or process or similar property; ....