Finance Act, 1973
Restriction of section 246 of Income Tax Act, 1967. |
8.—(1) Section 246 of the Income Tax Act, 1967 , shall not apply to any expenditure incurred on or after the 24th day of July, 1973, and before the 1st day of April, 1975, on the purchase of a new ship. | |
(2) This section shall not apply to any expenditure incurred under a contract entered into before the 24th day of July, 1973. |