The Gazette of India New Delhi Saturday March 10 1951

or has been rendered permanently unfit for service the owner of the vessel shall with the least practicable delay report the fact to the registering authority of the place where the vessel is registered and shall also forward to that authority along with the report the certificate of registration of the vessel and thereupon the registering authority shall have the certificate of registration [...] of such inspection the registering authority is satisfied th* the vesse) is in stitch a condition that it is not fit to ply in any inland water the registering authority may after giving the owner of the vessel an opportunity of being heard cancel the registration of the vessel and require the owner thereof to surrender forthwith to the registering authority the certificate of registration in [...] 2 (7) For the purposes of this section and of the rates of tax imposed thereby the expression total income" means total icome as determined for the purposes of income-tax or super-tax as the case may be in accordance with the provisions of the Income-tax Act and the expression "earned income" has the meaning assigned to it in clause (6-AA) of section 2 of that Act. [...] Provided that in the case of a company which in respect of its profits liable to tax under the Income-tax Act for the year ending on the 31st day of March 1952 has made the prescribed arrangements for the declaration and payment within the teritory of India excluding the State of Jammu and Kashmir of the dividends payable out of such profits and has deducted super-tax from the dividends in [...] For the purposes of clause (ii) of the above proviso the aggregate amount of income-tax actually borne by the excess dividend shall be determined as follows:— (i) the excess dividend shall be deemed to be out of the whole or such portion of the undistributed profits of one or more years immediately preceding the previous year as would be just sufficient to cover the amount of the excess dividend