In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Consumer Guidance Society of India, Bombay, for the purpose of the said section for and from the assessment year 1970-71.
Circular No. 222-Income Tax The Board have examined the question whether the deposit made under “own your telephone” (OYT) scheme is an asset within the meaning of section 2(e) and, as such, includible in the net wealth of an assessee
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Samsthanam Choultry, Pithapuram, for the purpose of the said section for and from the assessment year 1975-76.
That the said Institute will furnish the annual return of its scientific research activities to the prescribed authority by 30th April each year for every financial year in such forms as may be laid down and intimated to them for this purposes.
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies World Wildlife Fund India, Bombay, for the purpose of the said section for and from the assessment year 1969-70.
This notification contains Corrigendum to Income-tax Act, 1961 carried out on June 6, 1977 not reproduced here as it is already contained in the body of the Act itself.
Circular : No. 221 -Income Tax Reference is invited to Board’s Circular No. 208 [F. No. 208/7/76-IT(A-II)], dated 15-11-1976 [printed at Sl. No. 475, p. 1550 post] in which the provisions of section 69D were explained.
Circular No. 220 -Income Tax Clause (j ) of rule 6DD provides that no disallowance under section 40A(3) shall be made where the assessee satisfies the Income-tax Officer that the payment could not be made by way of a crossed cheque drawn on a bank or by a crossed bank draft
Circular : No. 219 -Income Tax In exercise of the powers conferred by rule 10(4) of the Gift-tax Rules, 1958 [as amended by the Gift-tax (Second Amendment) Rules, 1976], the Central Board of Direct Taxes hereby direct that the value of a partner’s right to share the profits of the firm without the right to share the assets shall be calculated in the manner specified in the Annexure to this Circular.
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Birla Education Trust, Pilani, for the purposes of the said section for and from the assessment year(s) 1973-74.
