Amendment to depreciation provisions: omission of the first proviso and revision of the second proviso's wording. The Income-tax Act's subsection (2) is amended effective 1 April 2001 by omitting the first proviso and by replacing the expression "Provided further ... Summary
Amendment to depreciation provisions: omission of the first proviso and revision of the second proviso's wording.
The Income-tax Act's subsection (2) is amended effective 1 April 2001 by omitting the first proviso and by replacing the expression "Provided further that" in the existing second proviso with "Provided that," reflecting a purely textual modification to the provisos governing depreciation-related provisions.
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