Income Tax Act, 1967.

Computation of profits.

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