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(b) those profits or gains had been charged to tax in accordance with section 58 of the Income Tax Act, 1967, and not in an amount determined under section 21 of the Finance Act, 1974,

(b) in respect of which the person was charged to tax on an amount determined in accordance with section 21 of the Finance Act, 1974,

(b) those profits or gains had been charged to tax in accordance with section 58 of the Income Tax Act, 1967, and not in an amount determined under section 21 of the Finance Act, 1974,

(b) in respect of which the person was charged to tax on an amount determined in accordance with section 21 of the Finance Act, 1974,

(b) those profits or gains had been charged to tax in accordance with section 58 of the Income Tax Act, 1967, and not in an amount determined under section 21 of the Finance Act, 1974,

(b) those profits or gains had been charged to tax in accordance with section 58 of the Income Tax Act, 1967, and not in an amount determined under section 21 of the Finance Act, 1974,

(4) In the case of a company (within the meaning of section 4(1)), subsection (2)(c) shall not alter the periods which are to be taken as chargeable periods but, if during any period after the 5th day of April, 1976, and after the company acquired the machinery or plant, the company has not been within the charge to corporation tax, any year of assessment or part of a year of assessment falling within that period shall be taken as a chargeable period as if it had been an accounting period of the company.

(a) the profits or gains from farming had been chargeable to tax under Case I of Schedule D,

(d) during which farming was carried on by the person in such circumstances that the full amount of the profits or gains of farming was not liable to be charged to tax under Case I of Schedule D.

“balancing allowance” and “balancing charge” have the same meanings respectively as in Chapter 2 of Part 9;

“balancing allowance” and “balancing charge” have the same meanings respectively as in Chapter 2 of Part 9;

“wear and tear allowance” means an allowance made under section 284.

(5) Nothing in this section shall affect section 288(4).