(1) A company is not entitled to the exemption conferred by section 477 (small companies) in respect of a financial year during any part of which it was a group company unless—
[(a) the group—
(i) qualifies as a small group in relation to that financial year, and
(ii) was not at any time in that year an ineligible group, or]
(b) subsection (3) applies.
(2) . . .
(3) A company is not excluded by subsection (1) if, throughout the whole of the period or periods during the financial year when it was
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