LEGAL TENDER (INSCRIBED NOTES) ACT, 1964 [Act, No. 28 of 1964] [30th September, 1964] PREAMBLE An Act to restrict the negotiability of currency and other notes inscribed with messages of a political character. BE it enacted by Parliament in the Fifteenth Year of the Republic of India as follows:--
View Complete Act List Judgments citing this section(1) This Act may be called the Legal Tender (Inscribed Notes) Act, 1964. (2) It extends to the whole of India.
View Complete Act List Judgments citing this sectionNotwithstanding anything contained in the Reserve Bank of India Act, 1934, or in the Currency Ordinance, 1940, or in any other law for the time being in force, a currency note of the Government of India, a bank note issued by the Reserve Bank of India, or a Government of India one-rupee note issued under the Currency Ordinance, 1940, which bears written upon it any extrinsic words or visible representations intended to convey or capable of conveying a message of a political character, shall not be legal tender; and the Reserve Bank of India shall riot be under any legal obligation to receive any such note, or to issue rupee coin or other coin or currency notes or bank notes in exchange for any such note, or to refund the value of any such note: Provided that the Reserve Bank of India may refund as of grace the whole or part of the value of any such note.
View Complete Act List Judgments citing this section(1) The Legal Tender (Inscribed Notes) Ordinance, 1942 is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken under, the said Ordinance, shall be deemed to have been done or taken under this Act as if this Act were in force on the day on which such thing was done or such action was taken.
View Complete Act List Judgments citing this sectionTHE COMPANIES (PROFITS) SURTAX ACT, 1964 [Act, No. 7 of 1964] [2nd May, 1964] PREAMBLE An Act to impose a special tax on the profits of certain companies. BE it enacted by Parliament in the Fifteenth year of the Republic of India as follows;--
View Complete Act List Judgments citing this section(1) This Act may be called the Companies (Profits) Surtax Act, 1964. (2) It extends to the whole of India.
View Complete Act List Judgments citing this section.....under this Act in respect of any company, and for this purpose his jurisdiction under this Act shall be the same as that he has under the Income-tax Act by virtue of orders or directions issued under section 120 of that Act (including orders or directions assigning concurrent jurisdiction) or under any other provision of that Act. (2) The Board may, from time to time issue such orders, instructions and directions to other tax authorities as it may deem fit for the proper adminsitration of this Act, and such authorities and all other persons employed in the execution of this Act shall observe and follow such orders, instructions and directions of the Board: Provided that no such orders, instructions or directions shall be issued-- (a) so as to require any tax authority to make a particular assessment or to dispose of a particular case in a particular manner; or (b) so as to interfere with the discrertion of the Commissioner (Appeals) in the exercise of his appellate functions.] ________________________ 1. Substituted by the Direct Tax Laws (Amdt.) Act (4 of 1988), S. 188 (1-4-1988).
View Complete Act List Judgments citing this sectionSubject to the provisions contained in this Act, there shall be charged on every company for every assessment year commencing on and from the first day of April, 19641[but before the first day of April, 1988], a tax (in this Act referred to as the surtax) in respect of so much of its chargeable profits of the previous year or previous years, as the case may be, as exceed the statutory deduction, at the rate or rates specified in the Third Schedule. ________________________ 1. Inserted by the Finance Act (23 of 1986), S. 47 (1-4-1988).
View Complete Act List Judgments citing this section.....the company during the previous year in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed : Provided that on an application made in this behalf, the1[Assessing Officer] may, in his discretion, extend the date for the furnishing of the return. (3) Any assessee who has not furnished a return during the time allowed under sub-sectior (1) or sub-section (2), or having furnished a return under sub-section (1) or sub-section (2), discovers any omission or wrong statement therein, may furnish a return or a revised return, as the case may be, at any time before the assessment is made. ________________________ 1. Substituted for the words "Income-tax Officer" and consequential changes as the rules of grammar may require by the Direct Tax Laws (Amdt.) Act (4 of 1988), S. 187 (1-4-1988).
View Complete Act List Judgments citing this section(1) For the purposes of making an assessment under this Act, the1[Assessing Officer] may serve on any person who has furnished a return under sub-section (1) of section 5 or upon whom a notice has been served under sub-section (2) of section 5 (whether return has been furnished or not) a notice requiring him on a date therein to be specified, to produce or cause to be produced such accounts or documents or evidence as the1[Assessing Officer] may require for the purposes of this Act and may from time to time serve further notice requiring the production of such further accounts or documents or other evidence as he may require. (2) The1[ Assessing Officer], after considering such accounts, documents or evidence, if any as he has obtained under sub-section (1) and after the taking into account any relevant materia which he has gathered, shall, by an order in writing, assess the chargeable profits and the amouni of the surtax payable on the basis of such assessment. ________________________ 1. Substituted for the words "Income-tax Officer" and consequential changes as the rules of grammar may require by the Direct Tax Laws (Amdt.) Act (4 of 1988), S. 187 (1-4-1988).
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