Malaysia legislation
Section 7
Section 7
Section 21A of the principal Act is amended by substituting for subsection (4) the following subsection:
"（4）Notwithstanding any other provisions of this Chapter, where in a year of assessment, there is an adjustment to the loss referred to in subsections (1) and (2) for any year of assessment resulting in a decrease or increase of that loss, subject to subsection 91(4) of the principal Act, the Director General may in the first mentioned year of assessment or within six years after its expiration make—
(a)
an adjustment to the statutory income of the pioneer company ascertained under section 21 for that year of assessment; or
(b)
an assessment for that year of assessment as appears to him to be necessary in order to counteract any benefit of exemption obtained before the adjustment of that loss.".
Amendment of section 21B