Section 97
of Investment Incentives Order, 2001
ORDERIn forceProvision 96 of 122
Section 97
(1)
Parts XI and XII of the Income Tax Act (relating to objections and appeals) and any regulations made thereunder shall apply, with the necessary modifications, to any direction given under section 96 as if it were a notice of assessment given under those provisions.
(2)
Section 36 of the Income Tax Act shall not apply in respect of any dividend or part thereof which is exempted from tax under this Part.