Use or right to use industrial equipment defined as taxable category, expanding the definition of taxable receipts. The amendment treats the use or right to use industrial, commercial or scientific equipment as a specified category for income-tax purposes, inserts a new clause defining such receipts while excluding amounts covered by a separate referenced provision, and adjusts cross-references to include the new clause among existing sub-clauses.
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Provisions expressly mentioned in the judgment/order text.
Use or right to use industrial equipment defined as taxable category, expanding the definition of taxable receipts.
The amendment treats the use or right to use industrial, commercial or scientific equipment as a specified category for income-tax purposes, inserts a new clause defining such receipts while excluding amounts covered by a separate referenced provision, and adjusts cross-references to include the new clause among existing sub-clauses.
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