Section 97F

Notwithstanding anything in this Part, where it appears to the Comptroller that any deduction under section 97D ought not to have been given to an eligible holding company or eligible individual by reason of the revocation under section 99 of a certificate issued to a venture company, a technology investment company or an overseas investment company, the Comptroller may, subject to section 74 of the Income Tax Act (Cap. 134), make such assessment or additional assessment upon the eligible holding company (or any of its shareholders) or any eligible individual as may be necessary in order to recover any tax which should have been payable by the eligible holding company (or any of its shareholders) or the eligible individual.