Aggregate receipts threshold exclusion narrows proviso application for low-value activities, altering valuation cross references accordingly. The amendment excludes the operation of the first proviso where the aggregate value of receipts from specified activities in the previous year does not exceed a prescribed monetary threshold, applied with retrospective effect to the opening of that previous year; and it inserts an additional clause reference in the valuation-related subclause to extend the property value linkage to the newly referenced clause with a later operative date.
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Provisions expressly mentioned in the judgment/order text.
The amendment excludes the operation of the first proviso where the aggregate value of receipts from specified activities in the previous year does not exceed a prescribed monetary threshold, applied with retrospective effect to the opening of that previous year; and it inserts an additional clause reference in the valuation-related subclause to extend the property value linkage to the newly referenced clause with a later operative date.
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