①With regard to the application of the provisions of Article 53, paragraph (4) of the New Act to the amount calculated as specified by Cabinet Order as the amount of the portion relating to shares held on that day, out of the amount of the account for the reserve for price fluctuations prescribed in paragraph (1) of that Article (limited to the amount included in deductible expenses in calculating the amount of income for that immediately preceding business year under the provisions of that paragraph) that a corporation prescribed in Article 56-3, paragraph (1) of the New Act that exists on the Effective Date (including its merging corporation) holds as of the end of the business year immediately preceding the business year that includes the Effective Date, notwithstanding the provisions of that paragraph, that amount is, as specified by Cabinet Order, included in gross profit in calculating the amount of income for each business year of that corporation that includes any day within the period from the Effective Date to March 31, 1970.

②The provisions of Article 54 of the New Act apply to corporation tax on income for business years of corporations commencing on or after the Effective Date, and with regard to corporation tax on income for business years of corporations that commenced before that date, the provisions then in force continue to govern.

③The provisions of Article 56, paragraph (1) of the New Act apply in the case where a domestic corporation prescribed in that paragraph acquires specified shares, etc. prescribed in that paragraph on or after the Effective Date, and in the case where it acquired those specified shares, etc. before that date, the provisions then in force continue to govern.