Principal value of an integral

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Let's consider the following integral:

$$I(y)=\text{PV} \int_0^\infty \frac{f(x) dx}{x^2-y^2}$$

Where PV is the Cauchy principal value, $y \in \mathbb{R}, \qquad y>0$.

It can be shown by definition that:

$$\text{PV} \int_0^\infty \frac{dx}{x^2-y^2}=0$$

Then would it be correct to state:

$$I(y)=\int_0^\infty \frac{(f(x)-f(y)) dx}{x^2-y^2}$$

Where we now have a convergent integral.

What conditions should $f(x)$ satisfy for this to work? Can it be discontinuous?


The reason I'm asking is because there's a case with $f(x)=\theta(x-z)$, there $\theta$ is the Heaviside step function and $y<z$, which makes the original integral convergent.

Then applying the method I suggested leads to a different value for the integral, than the one I get by taking it directly.