Income Tax Act, 1967.

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Exemption of income from scholarships.

353.—(1) Income arising from a scholarship held by a person receiving full-time instruction at a university, college, school, or other educational establishment, shall be exempt from tax and no account shall be taken of any such income in computing the amount of income for the purposes of this Act.

(2) In this section “scholarship” includes an exhibition, bursary, or any other similar educational endowment.

(3) If any question arises whether any income is income arising from a scholarship held as aforesaid, the Revenue Commissioners may consult the Minister for Education.