Clause 22
Amendment of section 73
of Income Tax (Amendment) Bill
BillNot in forceProvision 22 of 25
Clause 22
Section 73 of the principal Act is amended by inserting, immediately after subsection (3), the following subsection:“(4) This section shall also apply, with the necessary modifications, to any assessment made under subsection (1) or (2) which results in any unabsorbed allowances or losses.”.