Omitted

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....o the company on its total income as reduced by the amount of the capital gains, had such reduced income been its total income." 2.  Substituted vide Section 29 of the Finance Act, 1964 w.e.f. 01-04-1964 before it was read as, "(a) the amount of income tax with which it is chargeable on its total income;" 3.  Substituted vide Section 29 of the Finance Act, 1964 w.e.f. 01-04-1964 before it was read as, "(b) the amount of super tax equal to the aggregate of the amount of super tax calculated at the rate of five per cent. on the amount of the capital gains relating to capital assets other than short term capital assets included in the total income and the amount of super tax with which it would be chargeable had its....

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....me been reduced by the amount of capital gains relating to capital assets other than short-term capital assets included in its total income.]]" 5.  Omitted vide Section 24 of the Finance Act, 1966 w.e.f. 01-04-1966 before it was read as, "(i) the amount of income tax calculated at the rate of twelve and a half per cent. on the amount of capital gains relating to bonus shares, if any, chargeable under sub section (2) of section 45 as reduced by an amount equal to twelve and a half per cent. of the face value of such bonus shares; so however, that the reduction shall in no case exceed the amount of income tax so calculated;" 6.  Omitted vide Section 24 of the Finance Act, 1966 w.e.f. 01-04-1966 before it was read as,....

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....t of such long-term capital gains as relate to buildings or lands or any rights in buildings or lands; and (b) at the rate of thirty-five per cent. on the balance of such long-term capital gains, if any; and" 10.  Substituted vide Section 19 of the Finance Act, 1976 w.e.f. 01-04-1977 before it was read as, "forty-seven per cent." 11.  Substituted vide Section 19 of the Finance Act, 1976 w.e.f. 01-04-1977 before it was read as, "fifty-five per cent." 12.  Substituted vide Section 19 of the Finance Act, 1976 w.e.f. 01-04-1977 before it was read as, "forty-five per cent." 13.  Substituted vide Section 26 of the Finance Act, 1985 w.e.f. 01-04-1986 before it was read as, ....