60. Amendment of section 31A of that Inland Revenue…

Section 31A of the Inland Revenue Act, No. 28 of 1979 as amended by Act No. 24 of 1997 is hereby further amended in subsection (5) thereof, by the substitution for the words “allowance is deducted.”, of the words “allowance is deducted :

Provided that any balance of investment tax allowance as at March 31, 2005 shall not be carried forward or refunded.