Finance Act, 1968
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Amendment of section 69 of Finance Act, 1959. |
30.—(1) Any reference in section 69 of the Finance Act, 1959 , to a deduction allowed under section 241 of the Income Tax Act, 1967 , shall be construed as including a reference to that deduction as determined pursuant to that section and section 4 (2). | |
(2) Section 69 of the Finance Act, 1959 , is hereby amended by the addition to subsection (2) of the following proviso: | ||
“Provided that in relation to an allowance made by virtue of the proviso to section 244 (3) of the Income Tax Act, 1967 , this subsection shall have effect as if the following paragraph were inserted after paragraph (a)— | ||
‘(aa) it is made in charging the profits or gains of a trade a part of which is, or is comprised in, that business,’”. |