Applicability of payment restrictions clarified: amended payment and repayment rules apply from the effective amendment date. The amendments raising monetary ceilings were made effective from 1 4 1989. The amended payment restriction provisions apply to payments or repayments made on or after 1 4 1989, while the amendment affecting disallowance under the business expense rule applies to payments made in the previous year relevant to the assessment year 1989 90 and subsequent years.
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Provisions expressly mentioned in the judgment/order text.
Applicability of payment restrictions clarified: amended payment and repayment rules apply from the effective amendment date.
The amendments raising monetary ceilings were made effective from 1 4 1989. The amended payment restriction provisions apply to payments or repayments made on or after 1 4 1989, while the amendment affecting disallowance under the business expense rule applies to payments made in the previous year relevant to the assessment year 1989 90 and subsequent years.
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