Finance Act, 1974


60.—Where any income of any person is by virtue of any provisions of the Income Tax Acts, and in particular, but without prejudice to the generality of the foregoing, by virtue of section 57, to be deemed to be income of any other person, that income is not exempt from tax either—

(a) as being derived from any stock or other security to which section 464 , 468 , 470 or 474 of the Income Tax Act, 1967 , applies; or

(b) by virtue of section 50 or 462 of the Income Tax Act, 1967 ,

by reason of the first-mentioned person not being resident, or not being ordinarily resident, or being neither domiciled nor ordinarily resident, in the State.