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Liability of Electricity Supply Board for Income Tax.
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3.—(1) In order to remove doubts it is hereby declared and enacted that for the purpose of determining liability for assessment to and payment of income tax, the Electricity Supply Board is not and never was the State or a branch or department of the Government of the State.
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(2) The annual value with reference to which tax is to be charged under Schedules A and B of the Income Tax Act, 1918, in respect of any tenement or hereditament in the exclusive possession or control or the occupation of the Electricity Supply Board and for the time being exempt from assessment to poor rate shall be ascertained according to the surveys and valuations made under the Valuation Acts.
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