¹[16 Definitions

In this Chapter, -

(a) "appropriate authority", in relation to a company, means the authority

competent to assess tax on the company;

(b) "company" and "private company" have the meanings respectively

assigned to them by clauses (i) and (iii) of sub-section (1) of section 3 of the

Companies Act, 1956 (1 of 1956).]

Note :

1. Ins. by Act 61 of 1972, sec. 13 (w.e.f. 1-4-1973).