Amendment to income-tax provision extends its applicability to returns and assessments commencing in the subsequent fiscal period. The amendment inserts, in the operative subsection of the income-tax provision, after the words referring to the earlier commencement date, the words ... Summary
Amendment to income-tax provision extends its applicability to returns and assessments commencing in the subsequent fiscal period.
The amendment inserts, in the operative subsection of the income-tax provision, after the words referring to the earlier commencement date, the words permitting coverage of the subsequent commencement period; this insertion takes effect from the stated effective date, bringing returns or assessments beginning in that later period within the provision's scope.
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