Section 27
Deduction of losses
of Economic Expansion Incentives (Relief from Income Tax) Act 1967
ActIn forceProvision 27 of 65
Section 27
The Minister may, in relation to development and expansion companies, by regulations provide for —
(a)
the manner in which expenses, capital allowances and donations allowable under the Income Tax Act 1947 are to be deducted; and
(b)
the deduction of capital allowances, losses and donations otherwise than in accordance with sections 23 and 37 of the Income Tax Act 1947.[19O