Finance Act, 1973

Amendment of section 32 of Principal Act.

85.—Section 32 (1) of the Principal Act is hereby amended by the insertion of the following paragraphs after paragraph (x):

“(xx) the relief (if any) to be given to an accountable person in respect of tax borne or paid by him on stock-in-trade held by him immediately before the commencement of the first taxable period for which he is deemed to become an accountable person;

(xxx) the manner in which a determination may be made for the purposes of section 11 (1B);”.