Finance Act, 1934

Amendment of section 26 of the Finance Act, 1931.

30.Section 26 of the Finance Act, 1931 (No. 31 of 1931), shall, in the case of a person dying on or after the date of the passing of this Act, be amended as follows and shall be construed and have effect accordingly, that is to say:—

(a) paragraph (c) of sub-section (1) of the said section shall be amended by the deletion therefrom of the words “by such company,” and

(b) sub-paragraph (iii) of paragraph (d) of sub-section (1) of the said section shall be amended by the deletion therefrom of the words “from the company,” and the insertion therein of the words “arising out of or in any way connected with the transfer” in lieu of the said words so deleted.