Amendment of Section 88

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Full Text of the Document

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....uted, namely : "(a) where the assessee is a company, of an amount equal to the income tax calculated at the average rate of income tax or at the rate of twenty five per cent., whichever is less, and (b) in the case of any other assessee, of an amount equal to the income tax calculated at the average rate of income tax, on any sums paid by the assessee in the previous yea....