(b) during that year the control and management of its affairs is situated wholly in India.
1. Added by Act 13 of 1963, s. 21 (w. e. f. 1- 4- 1963 ). 2 Subs. by Act 46 of 1964, s. 5, for" financial year" (w. e. f. 1- 4- 1965 ). 3 Subs. by Act 11 of 1958, s. 14, for certain words (with retrospective effect). 4 Subs. by Act 46 of 1964, s. 6, for" sub- section (3) of section 4" (w. e. f. 1- 4- 1965 ). 5 Ins. by Act 16 of 1972, s. 45 (w. e. f. 1- 4- 1973 ). 6 Subs. by Act 25 of 1975, s. 27 (w. e. f. 1- 4- 1975 ).