Amendment status not verified — confirm the current text below against the official source.
PROVISION RELATING TO INCOME TAX AND SUPER-TAX. - (l) For the purposes of the Indian Income-tax Act, 1922 (XI of 1922),4 the Board shall be deemed to be a company within the meaning of that Act and shall be liable to income-tax and super-tax accordingly on its income, profits and gains. (2) The State Government shall not be entitled to any refund of any such taxes paid by the Board.