Clause 28
Amendment of section 70
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
BillNot in forceProvision 28 of 41
Clause 28
Section 70(2) of the principal Act is amended by deleting the words “or any shareholder of the company and the tax exempt account, kept in accordance with section 72, shall be debited accordingly” in paragraphs (a)(ii) and (b)(ii).