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7Section 275 applies as if—
(a)for subsection (1) there were substituted—
“(1)For purposes of section 263, any provision (within the meaning of Schedule 9), other than one in respect of any diminution of value of a fixed asset appearing on a revaluation of all the fixed assets of the company, or of all its fixed assets other than goodwill, is to be treated as a realised loss”; and
(b)" fixed assets " were defined to include any other asset which is not a current asset.
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