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Rule 3(1) of Miscellaneous Rules applicable to Schedule D. not to apply if person charged carries on trade throughout year of assessment.
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26.—(1) Paragraph (1) of Rule 3 of the Miscellaneous Rules applicable to Schedule D. shall not apply in any case where the person charged to tax has continued to carry on throughout the year of assessment the trade, profession, employment or vocation in respect of which the assessment was made.
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(2) This section shall be deemed to have been in force as respects income tax (including super-tax) charged for the year 1920&endash21, and all such adjustments, amendments of assements, and payments of tax (including super-tax) shall be made as are necessary for giving effect to the provisions of this subsection.
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