Assessment-year reference change clarifies income is treated for the year it is assessable, not the immediately following year.

The amendment substitutes wording in the Income-tax Act to replace a reference to treatment 'for the immediately following assessment year' with wording that income be treated as made 'for the assessment year for which such income is assessable', thereby shifting the statutory assessment-year attribution from the next assessment period to the period in which the income is assessable.

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