Income Tax Act, 1952 (Hansard, 7 May 1953)

§ 55 and 56. Sir D. Campbell

asked the Chancellor of the Exchequer (1) what variations have been made in the policy stated by his predecessors on 11th June, 1947, and 22nd July, 1948, in regard to the practice of the Special Commissioners of Income Tax in not issuing directions under Section 245 of the Income Tax Act, 1952, to companies which pursue a policy of dividend limitation; and what dates such variations took place;

(2) what departures have been made contrary to the assurance given by the Solicitor-General on 22nd June, 1948, that the Special Commissioners of Income Tax would not issue directions under Part IX, Chapter III, of the Income Tax Act, 1952, in respect of the final period of accounting of companies going into liquidation for the purposes of reconstruction or amalgamation; and upon what date the practice was altered.

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