Income Tax Act 2007 section 124

Powers to modify repo provisions

Section 124 formerly dealt with powers to modify repo provisions but has been repealed.

  • Section 124 originally provided powers to modify provisions relating to sale and repurchase (repo) arrangements
  • The section has been repealed and its content removed from the Act
  • The repeal was effected by the Finance Act 2013, Schedule 12, paragraph 15(4)
  • No operative provisions remain under this section

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