Framing of guidelines

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Full Text of the Document

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....Act 1965 w.e.f. 01-04-1965 before it was read as, "Newly established industrial undertakings or hotels 101. (1) The assessee shall be entitled to a deduction from the amount of super-tax with which he is chargeable on his total income, of an amount equal to the super-tax, calculated at the average rate of super-tax, on profits or gains derived from an industrial undertaking or hotel ....