Amendment of section 79: proviso wording changed to extend the referenced period from seven to ten years. Amendment of section 79 effects a textual substitution in the proviso to sub section (1) of the Income tax Act by replacing the word "seven" with the word ... Summary
Amendment of section 79: proviso wording changed to extend the referenced period from seven to ten years.
Amendment of section 79 effects a textual substitution in the proviso to sub section (1) of the Income tax Act by replacing the word "seven" with the word "ten", so that the proviso's governing numeric term is now "ten" in place of "seven".
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