Finance Act, 1936
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Relief from double income tax on profits from the business of air transport. |
6.— Section 4 (which relates to relief from double income tax on profits from the business of shipping) of the Finance Act, 1927 (No. 18 of 1927), shall apply in relation to profits or gains arising from the business of air transport in like manner in all respects as it applies in relation to profits or gains arising from the business of shipping, and, in order to give effect to such application, the said section 4 is hereby amended as follows, that is to say:— | |
(a) by the insertion in sub-section (1) of the words “or the business of air transport” after the words “business of shipping”, and | ||
(b) by the insertion in sub-section (6) of the words “the expression ‘business of air transport’ means the business carried on by an owner of aircraft” after the words “owner of ships”, and | ||
(c) by the deletion of the word “definition” where it occurs in the said sub-section (6) and the insertion in that sub-section of the word “sub-section” in lieu of the word so deleted. |