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(a) so far as it provides that corporation profits tax paid by a company in respect of any accounting period is, in computing for purposes of income tax the profits or gains of the company, to be allowed to be deducted as an expense incurred in that accounting period, shall not apply where the computation is for purposes of income tax for the year 1961-62 or for any subsequent year of assessment, and
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(b) so far as it provides that, where any amount previously paid by way of corporation profits tax is repaid, the amount repaid is to be treated as profit for the year in which repayment is received, shall not apply save where there has been an allowance of the deduction of an amount as an expense in computing profits or gains for purposes of income tax.
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