Section 108 - Omitted - Income-tax Act, 1961

1 [****] **************** NOTES:- 1. Omitted vide Section 41 of the Finance Act, 1987 w.e.f. 01-04-1988 before it was read as, Savings for company in which public are substantially interested 108. Nothing contained in section 104 shall apply (a) to any company in which the public are substantially interested; or (b) to a subsidiary company of such company if the whole of the share capital of such subsidiary company has been held by the parent company or by its nominees throughout the previous year.