In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Amanat Construction Fund for the purpose of the said section for and from the assessment year 1966-67.
Circular No. 231-Income Tax The Finance (No. 2) Act, 1977 has introduced a new section 35CC under which companies and co-operative societies will be entitled to a deduction, in the computation of their taxable profits, of the expenditure incurred by them during the previous year on any programme of rural development. The deduction will be allowed only where the company or co-operative society has obtained
It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, by the prescribed authority, the Indian Council of Medical Research, New Delhi.
It is hereby notified for general information that the institution mentioned below has been approved by the Central Board of Direct Taxes for the purposes of clause (a) of sub-section (2) of section 35D of the Income-tax Act, 1961, in respect of (a) Technological consultancy and (b) Engineering consultancy.
It is hereby notified for general information that the institution mentioned below has been approved by the Central Board of Direct Taxes for the purposes of clause (a) of sub-section (2) of section 35D of the Income-tax Act, 1961, in all the three consultancy fields, viz., Technological, Engineering & Management.
It is hereby notified for general information that the institution mentioned below has been approved by the Central Board of Direct Taxes for the purposes of clause (a) of sub-section (2) of section 35D of the Income-tax Act, 1961, in the three areas of consultancy service, viz., Technological consultancy, Engineering consultancy and Management consultancy.
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, subject to the following conditions :— (i) the Sadan will submit annual reports on its research activities to the Council.
That the said Vidyapith will furnish the annual return of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose, by 30th April each year.
It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, by the Secretary, the Department of Science & Technology, New Delhi.
Circular : No. 230 -Income Tax It has been brought to the notice of the Board that while fixing the hearing of cases by the issue of statutory notice, the Income-tax Officers indicate the same time for attendance in all cases, e.g., 10.00 a.m. As a result, many assessees have to wait for a long time before they are given a hearing as obviously all the assessees cannot be heard at 10.00 a.m. The inconvenience and harassment caused
