Finance Act, 1995
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Amendment of section 265 (balancing allowances and balancing charges) of Income Tax Act, 1967, etc. |
24.—(1) Section 265 of the Income Tax Act, 1967 , is hereby amended in subsection (1) (c) by the substitution of “ceases altogether to be used” for “ceases to be used as an industrial building or structure” (inserted by section 22 (1) (d) (i) of the Finance Act, 1994 ). | |
(2) This section shall be deemed to have come into operation on the 11th day of April, 1994, and accordingly section 22 (1) (d) (i) of the Finance Act, 1994 , shall be deemed never to have had effect. |