https://www.taxtmi.com/caselaws?id=198003 Section 42(1) of the Income-tax Act, 1922, as amended in 1939, was interpreted as applying to residents as well as non-residents because the opening words were framed broadly and the later reference to a person not resident in British India was treated as a specific subset, not a limitation. The marginal note "Non-residents" was held to be an unreliable guide to construction, and its later alteration supported the wider reading. The provision was also described as capable, in an appropriate case, of operating with the charging provisions and overriding the exemption otherwise available under Section 14(2)(c) where profits arose through a business connection. en-us Mon, 09 Jan 1950 00:00:00 +0530 Sat, 20 Jan 2018 12:45:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198003 Section 42(1) of the Income-tax Act, 1922, as amended in 1939, was interpreted as applying to residents as well as non-residents because the opening words were framed broadly and the later reference to a person not resident in British India was treated as a specific subset, not a limitation. The marginal note "Non-residents" was held to be an unreliable guide to construction, and its later alteration supported the wider reading. The provision was also described as capable, in an appropriate case, of operating with the charging provisions and overriding the exemption otherwise available under Section 14(2)(c) where profits arose through a business connection. Case-Laws Income Tax Mon, 09 Jan 1950 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198003