Finance Act, 1950

Exemption of allowances: Griffith Settlement Act, 1923, and Army Pensions Act, 1937.

4.—(1) Income to which this section applies shall be exempt from income tax (including sur-tax) and shall not be reckoned in computing income for the purposes of the Income Tax Acts.

(2) This section applies to—

(a) any yearly sum payable under section 1 of the Griffith Settlement Act, 1923 (No. 5 of 1923), and

(b) any allowance payable under section 3 of the Army Pensions Act, 1937 (No. 15 of 1937).