Finance (Profits of Certain Mines) (Temporary Relief From Taxation) Act, 1956
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Computation of profits for purpose of assessment to income tax. |
3.—In computing the amount of the profits for the purpose of assessment to income tax— | |
(a) the working of the mine shall be treated as a separate trade set up or commenced on the commencement day, and | ||
(b) any corporation profits tax which, by virtue of section 6 of this Act, is not payable, shall be deemed to have been paid. |