17DPower of Secretary to treat person as having continued to hold acceptable savings in certain circumstances

17D Power of Secretary to treat person as having continued to hold acceptable savings in certain circumstances

Where, during a period of not more than thirty days, a person ceased to hold acceptable savings, or the acceptable savings of a person were less than they would otherwise have been, by reason of the transfer of all or any of the savings of the person from one place to another place or from one form of savings into another form or for any other reason, the Secretary may, in his discretion, treat the person as having held throughout that period acceptable savings equal to whichever is the lesser of the following amounts, that is to say, the acceptable savings that the person held immediately before the commencement of that period or the acceptable savings that the person held immediately after the expiration of that period.