Amendment to section 57 removes the proviso to section 57 of the Income tax Act, changing deductibility rules. The amendment omits the proviso to section 57 of the Income tax Act, so the section is to be read without that proviso, thereby altering the statutory conditions governing deductibility and related tax treatment under the provision with effect from the stated commencement.
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Provisions expressly mentioned in the judgment/order text.
Amendment to section 57 removes the proviso to section 57 of the Income tax Act, changing deductibility rules.
The amendment omits the proviso to section 57 of the Income tax Act, so the section is to be read without that proviso, thereby altering the statutory conditions governing deductibility and related tax treatment under the provision with effect from the stated commencement.
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