No. 21. Income Tax. 1967.

 "capital expenditure" means the nett expenditure after
 deducting any grants, subsidies or other payments
 received from third parties on account thereof;
 "chargeable income" means the aggregate amount of the
 income of any person from the sources specified in
 section 3 remaining after allowing the appropriate
 deductions and exemptions under this Ordinance;
 ''Commissioners"'' means the Commissioners of Income
 Tax appointed under section 42;
 "the Commonwealth" shall be deemed to include those
 territories and their dependencies which are pre-
 scribed;
 "Commonwealth income tax" means any income tax
 charged under any law in force in any part of the
 Commonwealth other than the United Kingdom;
 "Company" means any company incorporated or regis-
 tered under any law in force in the Colony or any
 company incorporated or registered outside the
 Colony;
 "Comptroller" means the Comptroller of Inland Revenue
 appointed under section 42 and includes any officer
 acting for or deputed by him;
 "double taxation relief"'' means any relief or credit given
 in respect of income tax charged in any other terri-
 tory;
 "person" includes a body of persons;
 "plant or machinery" excludes expenditure on loose
 plant, tools, containers, cases, china, glass, soft fur-
 nishings and similar objects of a short life or for
 which the cost of renewals is a deduction allowed in
 computing the profits;
 "prescribed" means prescribed by rules under this
 Ordinance;
 "section" means a section of this Ordinance;
 "tax" means the income tax imposed by this Ordinance;
 "trade" means any trade, manufacture, business, and
 any adventure or concern in the nature of trade, and
 shall include farming, market gardening, hus-
 bandry and the occupation of land for any commer-
 cial purpose;
 "year of assessment" means the period of twelve months
 commencing on the 1st day of January in each year.