Deduction of surtax for purposes of computation ‑ Tax notified by Central Government as being in nature of tax on excess or abnormal profits for purposes - No. F. 13(1)‑CL‑VI/64, - Companies Law

Notification : No. F. 13(1) CL VI/64, dated 1 8 1964. Subject:- Deduction of surtax for purposes of computation Tax notified by Central Government as being in nature of tax on excess or abnormal profits for purposes In pursuance of clause (d) of sub section (4) of section 349 of the Companies Act, 1956 read with Government of India, Ministry of Finance, Department of Revenue Notification No. 178, dated February 1, 1964, the Company Law Board hereby notifies the surtax chargeable under section 4 of the Companies (Profits) Surtax Act, 1964 as being in the nature of a tax on excess or abnormal profits. This notification shall have effect in respect of any financial year or years of a company ending on or after the date of its publication in the Gazette of India.