Amendment of section 15C

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....ely:- "(2A) This section applies to any hotel which- (a) starts functioning on or after the first day of April, 1961 and is not formed by the splitting up, or the reconstruction of, business already in existence or by the transfer to a new business of building, machinery or plant previously used in any other business; (b) is owned and run by a company registered in the t....

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.... "Explanation.-The amount of dividend in respect of which the tax is not payable under this sub-section shall be computed in accordance with such rules as may be made in this behalf by the Central Board of Revenue."; (e) in sub-section (6), for the words "shall apply", the words "shall, in relation to an industrial undertaking, apply" shall be substituted, (f) after sub-se....