Clause 26

Section 23 of the principal Act is amended by deleting subsection (1B) and substituting the following subsection:“(1B) Where any allowance for any year of assessment falling to be made to any person under section 16, 17, 18A, 19, 19A, 19B, 19C or 20 is deducted against income of the person from other sources under section 35(1) or transferred to a claimant company under section 37C, the amount of such allowance shall be deducted from the balance in subsection (1).”.