Notifications/Circulars

Circular No. 89-Income Tax dated 23-6-1972

Circular No. 89-Income Tax (23/06/1972)

Circular No. 89-Income Tax The Bombay Bench of the Income-tax Appellate Tribunal in their order, dated 29-12-1971 in the case of D.R. Pathak v. ITO held that the "city compensatory allowance" granted to a Government servant is exempt under section 10(14)/16(v). On legal advice received, the Tribunal’s decision has not been accepted by...

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Circular No. 87-Income Tax dated 19-6-1972

Circular No. 87-Income Tax (19/06/1972)

Circular No. 87-Income Tax I am directed to invite a reference to the Board’s Circular No. 71 [F.No. 245/25/ 71-A & PAC], dated 26-3-1972 and to say that the CBDT have passed a revised order of date in supersession of their earlier order dated 28-2-1972, a copy of which was sent with the Board’s above-noted Circular dated 26-3-1972. ...

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Circular No. 88-Income Tax dated 19-6-1972

Circular No. 88-Income Tax (19/06/1972)

Circular No. 88-Income Tax I am directed to inform you that the Board have decided to extend the time for furnishing voluntary returns of income and net wealth for the assessment year 1972-73 till July 31, 1972, in cases where such returns are due before that date. A copy of the Press Note dated 19-6-1972 [printed here as Annex] issued ...

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Notification: S.O.400(E) Date of Issue: 2/6/1972

Notification: S.O.400(E) (02/06/1972)

Notification: S.O.400(E) Central Government hereby specifies with effect from the date of publication of this Notification in the Official Gazette, the Industrial Finance Corporation of India as an institution for the purposes of the said clause...

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Circular No. 85-Income Tax dated 29-5-1972

Circular No. 85-Income Tax (29/05/1972)

Circular No. 85-Income Tax The Finance Act, 1972 has made several modifications in the scheme of tax exemption of casual and non-recurring receipts. The effect of these modifications will, inter alia be that winnings from lotteries and crossword puzzles will become chargeable to income-tax from the assessment year 1973-74 onwards. Under ...

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Notification: S.O.2460 Date of Issue: 27/5/1972

Notification: S.O.2460 (27/05/1972)

In supersession of the Notification No. 313 (F. No. 403/50/71-ITCC) dated 9th November, 1971, and in exercise of the powers conferred by section 2(43B) of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby authorises the Commissioner of Income-tax (Recovery), Delhi, to exercise the powers of a Tax Recovery Commissioner....

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Circular No. 84-Income Tax dated 23-5-1972

Circular No. 84-Income Tax (23/05/1972)

Circular No. 84-Income Tax Section 280ZA provides for the issue of tax credit certificates to public companies owning industrial undertakings situated in urban areas if they shift their undertakings to some other areas with the prior approval of the Board....

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Notification: S.O.2458 Date of Issue: 25/4/1972

Notification: S.O.2458 (25/04/1972)

n exercise of the powers conferred by sub-section (23A) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the profession of 'Company Secretaries' for the purpose of the said section...

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Notification: S.O.2172 Date of Issue: 6/4/1972

Notification: S.O.2172 (06/04/1972)

Notification: S.O.2172 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....

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Notification: S.O.2171 Date of Issue: 6/4/1972

Notification: S.O.2171 (06/04/1972)

Notification: S.O.2171 KASTURBA HEALTH SOCIETY, SEVAGRA 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)....

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