Research expenditure deduction multiplier increased for qualifying domestic companies, applying to expenditure after the specified cutoff with deemed effect. For a domestic company in which the public are substantially interested, expenditure incurred after 28 February 1973 is to be treated as if the deduction multiplier in clause (a) of sub section (1) were substituted with a higher multiplier, the substitution being deemed to have effect from 1 April 1973.
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Provisions expressly mentioned in the judgment/order text.
Research expenditure deduction multiplier increased for qualifying domestic companies, applying to expenditure after the specified cutoff with deemed effect.
For a domestic company in which the public are substantially interested, expenditure incurred after 28 February 1973 is to be treated as if the deduction multiplier in clause (a) of sub section (1) were substituted with a higher multiplier, the substitution being deemed to have effect from 1 April 1973.
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