Calculation of profits.

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....shall be given for the bounties and subsidies received from any Government, or any public authority constituted or authorised in this behalf, by any Government, unless and except in so far as the Central Government otherwise directs.      (3) In making the computation aforesaid, credit shall not be given for the following sums, namely:-           (a) profits, by way of premium on shares or debentures of the company, which are issued or sold by the company;           (b) profits on sales by the company of forfeited shares;           (c) profits of a capital nature including profits from the s....

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....the company, whether on a whole-time or on a part-time basis;           (d) any tax notified by the Central Government as being in the nature of a tax on excess or abnormal profits;           (e) any tax on business profits imposed for special reasons or in special circumstances and notified by the Central Government in this behalf;           (f) interest on debentures issued by the company;           (g) interest on mortgages executed by the company and on loans and advances secured by a charge on its fixed or floating assets;        &nbs....