Applicability of sub section (6) of companies falling under sub sections (1A) and (1B)

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Full Text of the Document

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....ated 27‑1‑1976 under which it was clarified that a private company becoming a public company by virtue of the provisions of sub‑section (1A) and/or sub‑section (1B) of section 43A will not be eligible to avail of the exemption as envisaged under sub‑section (6) of section 43A. In this respect the Government have received from various quarters representations pointing ....