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).
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*. Sections 16 ins. by Act 61 of 1972, sec. 13 (w.e.f. 1-4-1973).
