"September, 1974" Archive

Notification: S.O.2913 Date of Issue: 27/9/1974

Notification: S.O.2913 (27/09/1974)

Notification: S.O.2913 It is hereby notified for general information that the institution mentioned below 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....

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Notification: S.O.2912 Date of Issue: 27/9/1974

Notification: S.O.2912 (27/09/1974)

It is hereby notified for general information that the Northern India Textile Research Association, Ghaziabad 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. This notification is effective from 1st...

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Circular No. 146-Income Tax dated 26-9-1974

Circular No. 146-Income Tax (26/09/1974)

Circular No. 146-Income Tax Attention is invited to the Board’s Circular No. 47 [F. No. 9/100/69-IT(A-II), dated September 21, 1970] [Clarification 3] on the above subject. In this circular, the Board had considered the question as to whether provision made by an assessee in its accounts for estimated service gratuity payable to it...

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Unpaid price cannot be said to be a loan advanced

Commissioner Of Income-Tax Vs Saurashtra Cement & Chemical (Gujarat High Court)

Amount of the unpaid price cannot be said to be a loan advanced by the non-resident company to the assessee-company nor can be the non-resident company be said to be a lender to the assesse-company so far as that amount was concerned. Since the non-resident company cannot be said to have lent the amount of the unpaid purchase price to the...

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Notification: S.O.567(E) Date of Issue: 21/9/1974

Notification: S.O.567(E) (21/09/1974)

Notification: S.O.567(E) This notification contains Amendments (Third Amendment) to Income-tax Rules carried out on 21st September, 1974 not reproduced here as it is already contained in the body of the rules itself...

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Notification: S.O.2677 Date of Issue: 21/9/1974

Notification: S.O.2677 (21/09/1974)

In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Kerala State Textiles Corporation Ltd., Cochin, for the purposes of the said sub-clause ...

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Notification: S.O.2847 Date of Issue: 19/9/1974

Notification: S.O.2847 (19/09/1974)

It is hereby notified for general information that the Physical Research Laboratory, Ahmedabad 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. This notification is effective from 1st April, 1974....

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Circular No. 145-Income Tax dated 9/9/1974

Circular No. 145-Income Tax (09/09/1974)

Circular No. 145 - Income Tax Under section 10(6 )(viia), foreign technicians having specialised knowledge and experience in constructional or manufacturing operations or in mining or in the generation of electricity or any other form of power, or in agriculture, animal husbandry, dairy farming, deep sea fishing or ship building enjoy sp...

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Circular No. 144-Income Tax dated 9/9/1974

Circular No. 144-Income Tax (09/09/1974)

Circular No.144 - Income Tax Under the existing provisions in section 80T and section 115, long-term capital gains, i.e., capital gains arising from the transfer of a capital asset which is held for more than 60 months from the date of acquisition, are charged to tax on a concessional basis. In the case of taxpayers other than companies...

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