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42. Provisions relating to income-tax and super-tax
Any sum paid by the Central Government under the guarantee given in pursuance of Section 6-or, under any guarantee given in pursuance of sub-section (1) of Section 20-or sub-section (2) of Section 21-shall not be treated as the income, profits and gains of the Corporation, and any interest paid by the Corporation on debentures or bonds or on foreign currency borrowed under sub-section (1) of Section 21-out of such sum shall not be treated for the purpose of income-tax or super-tax as expenditure incurred by it:
Provided that in the case of any shareholder such portion of a divided das has been paid out of any such sum advanced by the Central Government shall be deemed to be his income from interest on securities declared to be income-tax free within the meaning of clause (i) of Section 86 of the Income Tax Act, 1961 (43 of 1961)-
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