Amendment of section 37 removes specified subsections, changing the statutory framework for deductions under the Income tax Act. Amendment removes specified statutory provisions by omitting section 37 sub sections (2) through (5), altering the statutory framework for allowable business-related expenditure deductions under the Income tax Act and impacting assessment and compliance where those subsections were previously applied.
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Provisions expressly mentioned in the judgment/order text.
Amendment of section 37 removes specified subsections, changing the statutory framework for deductions under the Income tax Act.
Amendment removes specified statutory provisions by omitting section 37 sub sections (2) through (5), altering the statutory framework for allowable business-related expenditure deductions under the Income tax Act and impacting assessment and compliance where those subsections were previously applied.
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