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Amendment of Rule 6 of Miscellaneous Rules applicable to Schedule D.
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4.—Where—
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(a) the proper officer having the management of the accounts of a body may, in pursuance of Rule 6 of the Miscellaneous Rules applicable to Schedule D of the Income Tax Act, 1918, be charged with tax for any year of assessment, and
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(b) in that year that body occupies any property, in respect of which any tax under Schedule A of the said Act for that year would, but for this section, be ultimately borne by that body,
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then, in computing the amount on which the said proper officer may be so charged for that year, a deduction shall be made of a sum equal to whichever of the following is the lesser—
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(i) the amount on which, but for this section, the said proper officer might be so charged,
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(ii) the net amount on which the tax, referred to in paragraph (b) of this section, would, but for this section, be ultimately borne by that body.
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