Act not to apply in certain cases

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....sp;         (f) any company registered under section 25^4 of the Companies Act, 1956 (1 of 1956);           ^5[(g) any co-operative society;]           ^6[(h) any social club;]           ^7[(i) any political party. ....

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....ns of this Act shall not apply to-" 3. Before omission, clauses (a) to (e) read as under:  '(a)  a banking company as defined in section 5 of the Banking Companies Act, 1949 (10 of 1949);  (b)  an insurer within the meaning of the Insurance Act, 1938 (4 of 1938);  (c)  any company established with the object of financing, whether by way of making loans or ....

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....n only for a period of five successive assessment years commencing with the assessment year next following the date on which the company is established, which period shall, in the case of a company established before the commencement of this Act, be computed in accordance with this Act from the date of its establishment as if this Act had been in force on and from the date of its establishment. ....