Finance Act, 1957
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Application of Rule 6 (3) of Rules applicable to Cases I and II of Schedule D and section 4 of Finance Act, 1937. |
19.—Paragraph (3) of Rule 6 of the Rules applicable to Cases I and II of Schedule D of the Income Tax Act, 1918, and section 4 of the Finance Act, 1937 (No. 18 of 1937), shall apply in relation to a shipping investment allowance as they apply in relation to deductions allowable in respect of wear and tear of machinery or plant. |