"January, 1972" Archive

Circular No. 75-Income Tax dated 22-1-1972

Circular No. 75-Income Tax (22/01/1972)

Circular No. 75-Income Tax Attention is invited to the provisions of section 5(1)(viii) as amended by section 32 of the Finance (No. 2) Act, 1971. Under This amendment the operation of the exemption in clause (viii) has been restricted prospectively in the following respects...

Read More

Circular No. 74-Income Tax dated 15-1-1972

Circular No. 74-Income Tax (15/01/1972)

Circular No. 74-Income Tax Attention is invited to the provisions of clause (xx) of sub-section (1) of section 5, as amended by the Finance (No. 2) Act, 1971. Prior to this amendment, the value of any equity shares, held by the assessee in any company of the type referred to in clause (d) of section 45, i.e., a company established with ...

Read More

This notification relates to Denaturing of Spirit Rules, 1972

Notification No. 7/1972-Customs (08/01/1972)

In exercise of the powers conferred by sections 24 and 158 of the Customs Act, 1962 (52 of 1962) and in supersession of the Denatured Spirit (Ascertaining and Determining) Rules, 1957, published with Notification No. 140-Customs, dated the 6th July, 1957, of the Government of India, .Ministry of Finance (LateDepartment of Revenue), the Ce...

Read More

Circular No. 73-Income Tax dated 7-1-1972

Circular No. 73-Income Tax (07/01/1972)

Circular No. 73-Income Tax In exercise of the powers conferred by clause (a) of sub-section (2) of section 119, the Central Board of Direct Taxes hereby orders that in all the cases where a valid application under clause (b) of sub-section (2) of section 154 had been filed by the assessee within the statutory time limit but was not dispo...

Read More

Circular No. 72-Income Tax dated 6-1-1972

Circular No. 72-Income Tax (06/01/1972)

Circular No. 72-Income Tax Rates of income-tax for the assessment year 1971-72 3. The rates of income-tax for the assessment year 1971-72 in the case of all categories of taxpayers, corporate as well as non-corporate, are specified in Part I of the First Schedule to the Finance (No. 2) Act, 1971. These rates - summarised in Annexure I t...

Read More

Notification: S.O.661 Date of Issue: 1/1/1972

Notification: S.O.661 (01/01/1972)

Notification: S.O.661 It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research, the prescribed authority, for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961....

Read More

Notification: S.O.660 Date of Issue: 1/1/1972

Notification: S.O.660 (01/01/1972)

Notification: S.O.660 It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Social Science Research, New Delhi, the prescribed authority, for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961....

Read More

Notification: S.O.659 Date of Issue: 1/1/1972

Notification: S.O.659 (01/01/1972)

It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific & Industrial Research, New Delhi, the " prescribed authority "...

Read More

Notification: S.O.658 Date of Issue: 1/1/1972

Notification: S.O.658 (01/01/1972)

Notification: S.O.658 The Santhal Paharia Sewa Mandal, Bihar has been approved by the Indian Council of Medical Research, the prescribed authority, for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961)....

Read More

Notification: S.O.657 Date of Issue: 1/1/1972

Notification: S.O.657 (01/01/1972)

Notification: S.O.657 The Voluntary Health Services, Madras has been approved by the Indian Council of Medical Research, the prescribed authority, for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961)....

Read More

Featured Posts