Section 27g
Section 27g
The Minister may grant approval in respect of an application for an investment tax allowance made under subsection 26g(1) subject to such terms and conditions as he deems fit:
Provided that where the Minister is satisfied that the company was engaged in an activity or had otherwise incurred capital expenditure in relation thereto, from a date prior to the date from which the activity was deemed as a promoted activity under section 4b, the approval may be granted retrospectively from a date not earlier than 28
October 1994.
(2)
The Minister may vary the terms and conditions imposed under subsection (1).
(3)
In exercising his powers under subsections (1) and
(2)
, the Minister shall act with the concurrence in writing of the Minister of Finance.”.
Amendment of section 28