Clause 42
Amendment of section 37M
of Income Tax (Amendment) Bill
BillNot in forceProvision 42 of 68
Clause 42
Section 37M of the principal Act is amended —
(a)
by inserting, immediately after the words “section 37B” in subsections (1)(ii) and (v)(B) and (2)(a), the words “(in force immediately before the date of commencement of section 37 of the Income Tax (Amendment) Act 2020)”; and
(b)
by inserting, immediately after the words “section 37B(3)” in subsection (2)(e), the words “(in force immediately before the date of commencement of section 37 of the Income Tax (Amendment) Act 2020)”.