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Section 16

Section 60aa of the principal Act is amended—

of Finance Act 2014

ActIn forceProvision 16 of 52
Section 16

(a)

in subparagraph (5)(b)(vi), by deleting the word “and”

at the end of that subparagraph;

(b)

in subparagraph (5)(b)(vii), by substituting for the full stop at the end of that subparagraph the words “; and”;

(c)

by inserting after subparagraph (5)(b)(vii) the following subparagraph:

“(viii) management expenses incurred by him in that period in connection with his general business.”;

(d)

in subparagraph (7)(b)(vi), by deleting the word “and”

at the end of that subparagraph;

(e)

in subparagraph (7)(b)(vii), by substituting for the full stop at the end of that subparagraph the words “; and”;

(f)

by inserting after subparagraph (7)(b)(vii) the following subparagraph:

“(viii) management expenses incurred by him in that period in connection with his general business.”;

(g)

in subparagraph (9)(b)(ii), by deleting the word “and” at the end of that subparagraph;

(h)

in subparagraph (9)(b)(iii), by substituting for the full stop at the end of that subparagraph the words “; and”;

(i)

by inserting after subparagraph (9)(b)(iii) the following subparagraph:

“(iv) commission payable and discounts allowed by him in that period in connection with his general business.”;

(j)

in subparagraph (10)(b)(ii), by deleting the word “and”

at the end of that subparagraph;

Act 761

(k)

in subparagraph (10)(b)(iii), by substituting for the full stop at the end of that subparagraph the words “; and”; and

(l)

by inserting after subparagraph (10)(b)(iii) the following subparagraph:

“(iv) commission payable and discounts allowed by him in that period in connection with his general business.”.

amendment of section 60f