Section 2(36A) Income-tax: Public Sector Company – Meaning

As per Section 2(36A) of Income Tax Act, 1961, unless the context otherwise requires, the term “public sector company” means any corporation established by or under any Central, State or Provincial Act or a Government company as defined in section 617* of the Companies Act, 1956.

* Now section 2(45) of the Companies Act, 2013.

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