Omitted

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....ere the shareholder- (i) is not a company, the amount of income-tax (but not super-tax) payable by him under this Act, and (ii) is a company, twenty per cent, on that portion of the dividend which is attributable to the profits of the company assessed to agricultural income-tax;" 2.  Substituted vide Section 27 of the Finance Act, 1966 w.e.f. 01-04-1966 b....

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....e-tax by any State Government, the shareholder shall be entitled to a reduction from the tax payable by him under this Act, of a sum equal to- (a) that proportion of the agricultural income-tax (including super-tax, if any) paid by the company as the amount of the dividend attributable to the profits of the company assessed to agricultural income-tax bears to its total profits assessed to....