Deductibility conditions clarified: amendment defines extent and qualifying conditions for allowing business expenditure deductions. An amendment adds a clause specifying that the law will set the extent to which, and the conditions subject to which, expenditures of the type covered by the general business expenditure provision may be allowed, thereby providing a statutory basis for limits and qualifying conditions on such deductions.
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Provisions expressly mentioned in the judgment/order text.
Deductibility conditions clarified: amendment defines extent and qualifying conditions for allowing business expenditure deductions.
An amendment adds a clause specifying that the law will set the extent to which, and the conditions subject to which, expenditures of the type covered by the general business expenditure provision may be allowed, thereby providing a statutory basis for limits and qualifying conditions on such deductions.
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