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Reduction of certain deductions.
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379.—(1) Where the trade carried on by a company consists partly of exempted trading operations and partly of other trading operations, the amount of any deduction, being a deduction to which this section applies, to which, but for this section, the company would have been entitled shall be reduced by such amount, if any, as the Special Commissioners consider just having regard to section 375.
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(2) The deductions to which this section applies are deductions in respect of any allowance under sections 241, 244 (3), Chapter III of Part XIV, or Part XV or any annual allowances under Chapter 1, III or IV of Part XVI.
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