On 23/05/2013,
you requested for the version in force on 23/05/2013
incorporating all amendments published on or before 23/05/2013.
The closest version currently available is that of 24/12/2002.
No. S 668
Income Tax Act
Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 5) Order 2002
In exercise of the powers conferred by section 14I(4) of the Income Tax Act, the Minister for Finance hereby makes the following Order:
1. This Order may be cited as the Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 5) Order 2002.
2. It is hereby declared that, subject to the conditions specified in the letter of approval dated 8th June 2002, the provisions in the accounts of Overseas Union Bank Limited which have been transferred to United Overseas Bank Limited —
(a)
shall not be deemed under section 14I(2)(b) of the Act to be a trading receipt of Overseas Union Bank Limited; and
(b)
shall for the purposes of section 14I of the Act be treated as having been allowed to United Overseas Bank Limited as a deduction under that section.
[MF(R) 32.018.00010. V06 T05; AG/LEG/SL/134/2002/2 Vol. 1]