It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Social Science Research, t
It is hereby notified for general information that the Sri Aurobindo Society, Pondicherry 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. Institution
Notification: S.O.332 Pulp & Paper research Institute, Rayagada 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.
It is hereby notified for general information that the institution mentioned below has been approved by Indian Council of Social Science Research, the prescribed authority for the purposes of cl
Circular No. 99-Income Tax Board had vide their Circular No. 70 [F. No. 210/33/71-IT(A-II)], dated 11-12-1971 [ Clarification 1] made a provision to the effect that where applications for fresh registration, continuation or renewal of registration in the old Form Nos. 11, 11A and 12 were filed, the Income-tax Officer should allow the firm concerned an opportunity of filing the application in the revised forms within a period of
Notification: S.O.262 It is hereby notified for general information that the institution mentioned below has been approved by Indian Council of Medical Research, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961.
Notification: S.O.261 It is hereby notified for general information that the institution mentioned below has been approved by Indian Council of Medical Research, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961.
Circular No.98 – Income Tax In the case of Indian Aluminium Co. Ltd. v. CIT [1972] 84 ITR 736, the Supreme Court virtually overruled its earlier decision in Travancore Titanium Products Ltd. v. CIT [1966] 69 ITR 277 and held that wealth-tax paid by an assessee in respect of business assets is deductible as a business expense in computing the assesseeýÿs income from business. With a view to restoring the position in this behalf as it obtained earlier, the President was pleased to promulgate the Income-tax (Amendment) Ordinance, 1972, on
Circular No. 97-Income Tax Maintenance of conveyance – Allowance of deduction therefor when vehicle is in repair – I am directed to invite a reference to the Board’s Circular No. 15 [F. No. 40/22/69-IT(A-I)], dated 8-5-1969 and to say that in the manner of standard deduction from “salaries” under section 16(iv), a question has arisen, viz., whether an assessee who owns a conveyance and uses it for the purposes of
It is hereby notified for general information that the institution mentioned below has been approved by Council of Scientific and Industrial research, the prescribed authority for the purposes of clause (ii) of sub-secti
