Which statement is INCORRECT? a. Exempt income is not assessable income and is not included in a taxpayer's income tax return. b.if an amount is caught under both ordinary and statutory income, the specific (ie, statutory) provisions will apply. C. The Income Tax Assessment Act provides for the definition, calculation and determination of the tax itself and lets us determine the amount of taxable income on which income tax is levied. d. If the 1936 Act deals with a particular matter, the 1936 Act applies. However, if the 1936 Act does not deal with a matter then the 1997 Act provisions continue to apply