Singapore legislation
Clause 23
Clause 23
Repeal and re-enactment of section 25
Section 25 of the Ordinance is hereby repealed and the following substituted therefor: —“Carry over of capital allowances granted under law in States of Malaya
25. For the purposes of sections 16 to 24 of this Ordinance, any allowances in respect of capital expenditure which, but for the provisions of Part XV of this Ordinance would have been claimed and granted under this Ordinance, shall be deemed to have been so claimed and granted in all relevant prior years.”.