s 36 Power to direct special treatment in the computation of business income in certain cases
(1) Notwithstanding any other provision of this Part, where the Director General is satisfied that there is a need for some treatment in computing— (a) the gross income from a business with respect to— (i) a hire-purchase transaction; (ii) a transaction under which a debt is payable by instalments; (iii) a lease transaction in respect of moveable property; (iv) any other transaction involving a debt or stock in trade; or (v) such other transaction as may be prescribed; and (b) the adjusted income and statutory income from the business, he may give directions and formulate regulations to be published in the Gazette for special treatment with respect to any such transaction, either in relation to a particular business or in relation to any business having any such transaction: Provided that no such directions and regulations shall have effect in relation to a business for any year of assessment with respect to which an assessment wholly or partly relating to income from that business has become final and conclusive or is the subject of an appeal which has been sent forward to the Special Commissioners. (2) Any direction given under subsection (1) with respect to the gross income, adjusted income and statutory income from a business or businesses may— (a) provide that the gross income to which it relates (or any part thereof) shall be taken to be gross income for such basis period or periods for such year or years of assessment with respect to that business or those businesses as may be specified in the direction; (b) provide for special treatment with respect to the ascertainment of the adjusted income and statutory income from that business or those businesses for the basis period or periods for any year or years of assessment.