Incidence
of taxes under this Ordinance.
358
In clause 44 of the Bill --
add the following sub-section--
(7) Appeals from decisions of the Supreme Court under this section shall be governed by the provisions of the Supreme Court Ordinance, 1873, the Code of Civil Procedure, the Full Court Ordinance, 1933, and the Orders and Rules governing appeals to the Privy Council.
This is to remove doubts which have arisen from the language of the first part of the section which seemed too restrictive.
In clause 60 of the Bill--
renumber this clause as 61 and insert the following new clause as clause 60:-
60. Taxes under this Ordinance shall, subject to the provisions of this Ordinance and notwithstanding anything contained in any other written law or in any convention grant or agreement, be charged at the rates specified in Chapters. II, III and IV for the year of assessment commencing on the first day of April, 1940, and for each subsequent year of assessment in respect of the property, income and profits of every person for the year preceding the year of assessment, but without prejudice to any provisions of this Ordinance which enact that tax is to be charged in particular cases in respect of property, income and profits for a period other than the year preceding the year of assessment.
The object of this new clause is to remove doubts which have arisen as to the incidence and starting date of all four taxes under the Bill.