Section 45
Restrictions on effect of Income Tax and other Acts
of I Ncome Tax (Petroleum) Act
ActIn forceProvision 48 of 51
Section 45
No tax shall be charged by the Government under the provisions of the Income Tax Act (Chapter 35) or any other Act in respect of any profits or income which are brought into charge, under the provisions of this Act, in the calculation of the amount of any chargeable profits upon which tax is
Income Tax (Petroleum)
44
levied and paid under the provisions of this Act, or in respect of any dividends paid out of such profits or income.