Archive for December, 1970

In exercise of the powers conferred by sub-section 2(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Krishna Temple, Guruvayur, to be a place of public worship of renown for the purposes of the said section Full Article

Notification S.O.313 - Institute for Financial Management and Research, Madras - It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research Full Article

This notification contains amendments to Income-tax Rules carried out on 16th December, 1970 not reproduced here as it is already contained in the body of the rules itself Full Article

For declaration of an association as a Company u/s 2(17) of Income-tax Act, 1961, the Board laid down the following criteria :— (i) The applicant should be a legal person according to the laws of the country in which it is incorporated; and (ii) The applicant should possess the ordinary characteristics of company limited by shares.The fulfilment of any one of the following conditions will be considered adequate by the CBDT in the matter of issuing a declaration u.. Full Article