§ 9.0 P.M.
(a) notwithstanding that an appeal is pending against an assessment to Income Tax in respect of the profits of a trade or business, the tax chargeable in accordance with that assessment shall, so far as unpaid, be deemed to be a debt within the meaning of paragraph 2 of Part III of the Fourth Schedule to the Finance (No. 2) Act, 1915, and the
deduction in respect of any such tax shall be made as on the date of the commencement of the first accounting period commencing after the date on which the certificate of assessment which includes the assessment in question was in fact signed by the General or Special Commissioners, as the case may be, or as on the date of the commencement of the first accounting period commencing after the thirty-first day of December in the year for which the tax is assessed, whichever such date of commencement is the later:
Provided that where such an assessment is reduced on appeal, the amount to be deducted shall be treated as having been the amount of the income Tax on the reduced assessment; and
§ (b) the foregoing provisions shall be deemed to have had effect as front the commencement of Part ILL of the said Act."