Finance Act, 1959
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Chapter II. Machinery and Plant. | ||
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Interpretation (Chapter II of Part V). |
33.—In this Chapter— | |
“initial allowance” means an allowance made under Part V of Finance Act, 1956 ; | ||
“scientific research allowance” means, in relation to any expenditure, the total amount of any allowances made in respect of that expenditure under subsection (3) of section 5 of Finance Act, 1946 , increased by the amount of any allowance made under paragraph (b) of subsection (4) of the said section 5 or, as the case may be, reduced by any amount treated as a trading receipt pursuant to paragraph (c) of the said subsection (4); | ||
“wear and tear allowance” means a deduction allowed under Rule 6 of the Rules applicable to Cases I and II of Schedule D. |