1127. The taxable income for a taxation year of the corporation contemplated in section 1126 is its income for the year determined in accordance with the said section from which the corporation may deduct no amount other than that prescribed for the year under section 729 in respect of the disposition of property contemplated in section 1126.
1976, c. 18, s. 25; 1985, c. 25, s. 163; 1997, c. 3, s. 71.