44. Amendment of section 96 of the principal enactment

Section 96 of the principal enactment is hereby amended by the addition immediately after subsection (4) of that section, of the following subsection—

“Provisions of this Chapter not to apply to charitable institutions etc.

“(5)

The provisions of Chapter X shall not apply to any body of persons which is a body corporate and which is assessable for income tax under this section.”.