INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
Where the use of any property by the taxpayer has been only partly for the purpose of producing assessable income, only such part of the deduction otherwise allowable under section 54 or section 59 in respect of that property as in the opinion of the Commissioner is proper shall be an allowable deduction.
61(2) [Tax exempt entities]This section has effect subject to section 61A .
Hide history note
View history noteS 61(2) inserted by No 16 of 1999.
S 61 amended by No 51 of 1973, No 28 of 1952 and No 6 of 1946.
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