Omitted

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....ny 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 or in mining or in the generation or distribution of electricity or any other form of po....

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....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 Taxation Laws (Amendment) Act, 1975 w.e.f. 01-04-1976  31.  Substituted vide Section 28 of the Taxation Laws (Amendment) Act, 1975 w.e.f. 01-04-1976 before it was read as, "(1) in the case of an investment comp....

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....ty 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, "Explanation.-In this clause and in sub-clause (3) of clause (iii), the expression "provision of technical know-how" has the meaning assigned to it in sub-section (2) of section 80MM;" 38.  Omitted vide Section 41 of the Finance Act, 1987 w.e.f. 01-04-1988 before it was read as, ""Distributable income", "Investment company" and "statutory p....

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.... 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; (iv) the imparting of any information concerning industrial, commercial or scientific knowledge, experience or skill;]] 29[(ii) "investment company" means a company whose gross total income consists mainly of income which is chargeable under the heads "Interest on securities", "Income from house property", "Capital gains" and "Income from other sources] 8[(iia) "trading company" means a company whose business consists 12[****] mainly in dealing in goods or merchandise manufactured, produced or processed by a....