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(ACT NO. XXI OF 1947).
  Part No : Chapter No : Section No: [ 11th April, 1947  
     An Act to impose a special tax on a certain class of income. 1 2
    WHEREAS it is expedient to impose a special tax on income arising from business;

It is hereby enacted as follows:-
1. Short title, extent and commencement
2. Interpretation
3. Tax authorities
4. Charge of tax
5. Application of Act
6. Relief on occurrence of deficiency of profits
7. Change in persons carrying on business
8. Interconnected companies
9. Aggregation of profits in certain cases
10. Allowance of business profits tax in computing income for income-tax purposes
11. Issue of notice for assessment
12. Assessments
13. Power to make provisional assessments
14. [Omitted]
15. Penalties
16. Appeals to Appellate Assistant Commissioner of Income-tax
17. Appeal to Appellate Tribunal
17A. Power of revision by the Commissioner
18. Rectification of mistakes
18A. [Omitted].
19. Application of the provisions of Act XI of 1922
20. Income-tax papers to be available for the purposes of this Act
21. Failure to deliver returns or statements
22. False statements
23. Institution of proceedings and composition of offences
24. Power to make rules

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