Bare Act Search Results
Home Bare Acts Phrase: blockIncome Tax Act, 1961 Section 158BB
Title: Computation of Undisclosed Income of the Block Period
State: Central
Year: 1961
.....in the block period including the previous year ending with the date of search or of the requisition. (3) The burden of proving to the satisfaction of the Assessing Officer that any undisclosed income had already been disclosed in any return of income filed by the assessee before the commencement of search or of the requisition, as the case may be, shall be on the assessee. (4) For the purpose of assessment under this Chapter, losses brought forward from the previous year under Chapter VI or unabsorbed depreciation under sub-section (2) of section 32 shall not be set-off against the undisclosed income determined in the block assessment under this Chapter, but may be carried forward for being set-off in the regular assessments. ________________________________ 1. Substituted for in accordance with the provisions of Chapter IV, on the basis of evidence found as a result of search or requisition of books of account or documents and such other materials or information as are available with the Assessing Officer by the Finance Act, 2002, with retrospective effect from 1st July, 1995. 2. Substituted for have been concluded by the Finance Act, 2002, with retrospective.....
View Complete Act List Judgments citing this sectionForeign Exchange Regulation Act, 1973 Section 10
Title: Blocked Accounts
State: Central
Year: 1973
.....be a good discharge to the person making the payment. (2) No sum standing at the credit of a blocked account shall be drawn or except in accordance with any general or special permission which may be granted conditionally or otherwise by the Reserve Bank. (3) In this section, "blocked account" means an account opened, whether before or after the commencement of this Act, as a blocked account at any office or branch in India of a bank authorised in this behalf by the Reserve Bank, or an account blocked, whether before or after such commencement, by order of the Reserve Bank. 1 [* * * * *] ________________________ 1. Sections 11 and 12 omitted by Act 29 of 1993, sec. 4 w.e.f. 8-1-1993.
View Complete Act List Judgments citing this sectionForeign Exchange Regulation Act, 1973 [Repealed] Section 10
Title: Blocked Accounts
State: Central
Year: 1973
(1) Where an exemption from the provisions of section 9 is granted by the Reserve Bank in respect of payment of any sum to any person resident outside India and the exemption is made subject to the condition that the payment is made to a blocked account- (a) the payment shall be made to a blocked account in the name of that person in such manner as the Reserve Bank may by general or special order direct; (b) the crediting of that sum to that account shall, to the extent of the sum credited be a good discharge to the person making the payment. (2) No sum standing at the credit of a blocked account shall be drawn or except in accordance with any general or special permission which may be granted conditionally or otherwise by the Reserve Bank. (3) In this section, "blocked account" means an account opened, whether before or after the commencement of this Act, as a blocked account at any office or branch in India of a bank authorised in this behalf by the Reserve Bank, or an account blocked, whether before or after such commencement, by order of the Reserve Bank.
View Complete Act List Judgments citing this sectionNew Delhi Municipal Council Act 1994 Section 177
Title: Power to Drain Group or Block of Premises by Combined Operations
State: Central
Year: 1994
(1) If it appears to the Chairperson that any group or block of premises may be drained more economically or advantageously in combination than separately, and a municipal drain of sufficient size already exists or is about to be constructed within thirty meters of any part of that group or block of premises, the Chairperson may cause that group or block of premises to be drained by a combined operation. (2) The expenses incurred in carrying out any work under sub-section (1) in respect of any group or block of premises shall be paid by the owners of such premises in such proportions as the Chairperson may determine and shall be recoverable from them as an arrear of tax under this Act. (3) Not less than fifteen days before any such work is commenced, the Chairperson shall give to each such owner-- (a) written notice of the nature of the proposed work, and (b) an estimate of the expenses to be incurred in respect thereof and of the proportion of such expenses payable by him. (4) The Chairperson may require the owners of such groups or block of premises to maintain the work executed under this section.
View Complete Act List Judgments citing this sectionKarnataka Municipal Corporations Act, 1976 Section 227
Title: Power to Drain Group or Block of Premises by Combined Operations
State: Karnataka
Year: 1976
(1) If it appears to the Commissioner that any group or block of premises may be drained more economically or advantageously in combination than separately, and a corporation sewer of sufficient size already exists or is about to be constructed within thirty-five meters of any part of that group or block of premises the Commissioner may cause that group or block of premises to be drained by a combined operation. (2) The expenses incurred in carrying out any work under sub-section (1) in respect of any group or block of premises shall be paid by the ownersof such premises in such proportion as the Commissioner may determine and shall be recoverable from them as an arrear of charges payable under this Act. (3) Not less than fifteen days before any such work is commenced, the Commissioner shall give to each such owner,- (a) written notice of the nature of the proposed work, and (b) an estimate of the expenses to be incurred in respect thereof and of the proportion of such expenses payable by him. (4) The Commissioner may require the owner of such group or block of premises to maintain the work executed under this section.
View Complete Act List Judgments citing this sectionBangalore Water Supply and Sewerage Act, 1964 Section 69
Title: Power to Drain Group or Block of Premises by Combined Operations
State: Karnataka
Year: 1964
(1) If it appears to the Board that any group or block of premises may be drained more economically or advantageously in combination than separately, and a Board sewer of sufficient size already exists or is about to be constructed within thirty-five metres of any part of that group or block of premises, the Board may cause that group or block of premises to be drained by a combined operation. (2) The expenses incurred in carrying out any work under sub-section (1) in respect of any group or block of premises shall be paid by the owners of such premises in such proportion as the Board may determine and shall be recoverable from them as an arrear of charges payable under this Act. (3) Not less than fifteen days before any such work is commenced, the Board shall give to each such owner, (a) written notice of the nature of the proposed work, and (b) an estimate of the expenses to be incurred in respect thereof and of the proportion of such expenses payable by him. (4) The Board may require the owners of such group or block of premises to maintain the work executed under this section.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 158BC
Title: Procedure for Block Assessment
State: Central
Year: 1961
.....days, as may be specified in the notice a return in the prescribed form1 and verified in the same manner as a return under clause (i) of sub- section (1) of section 142, setting forth his total income including the undisclosed income for the block period : Provided that no notice under section 148 is required to be issued for the purpose of proceeding under this Chapter : Provided further that a person who has furnished a return under this clause shall not be entitled to file a revised return ; (b) the Assessing Officer shall proceed to determine the undisclosed income of the block period in the manner laid down in section 158BB and the provisions of section 142, sub-sections (2) and (3) of section 143 2[, section 144 and section 145] shall, so far as may be, apply ; (c) the Assessing Officer, on determination of the undisclosed income of the block period in accordance with this Chapter, shall pass an order of assessment and determine the tax payable by him on the basis of such assessment ; 3[(d) the assets seized under section 132 or requisitioned under section 132A shall be dealt with in accordance with the provisions of section 132B. .....
View Complete Act List Judgments citing this sectionInformation Technology Act, 2000 Section 69A
Title: Power to Issue Directions for Blocking for Public Access of Any Information Through Any Computer Resource
State: Central
Year: 2000
.....so to do in the interest of sovereignty and integrity of India, defence of India, security of the State, friendly relations with foreign States or public order or for preventing incitement to the commission of any cognizable offence relating to above, it may subject to the provisions of sub-section (2) for reasons to be recorded in writing, by order, direct any agency of the Government or intermediary to block for access by the public or cause to be blocked for access by the public any information generated, transmitted, received, stored or hosted in any computer resource. (2) The procedure and safeguards subject to which such blocking for access by the public may be carried out, shall be such as may be prescribed. (3) The intermediary who fails to comply with the direction issued under sub-section (1) shall be punished with an imprisonment for a term which may extend to seven years and also be liable to fine. __________________ 1. Inserted vide Information Technology (Amendment) Act, 2008.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 113
Title: Tax in the Case of Block Assessment of Search Cases
State: Central
Year: 1961
The total undisclosed income of the block period, determined under section 158BC, shall be chargeable to tax at the rate of sixty per cent. 1[Provided that the tax chargeable under this section shall be increased by a surcharge, if any, levied by any Central Act and applicable in the assessment year relevant to the previous year in which the search is initiated under section 132 or the requisition is made under section 132A.] ______________________ 1. Inserted by the Finance Act, 2002, with effect from 1st June, 2002.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 158BE
Title: Time Limit for Completion of Block Assessment
State: Central
Year: 1961
.....be proceeded with by it, the period commencing on the date on which such application is made and ending with the date on which the order under sub-section (1) of section 245D is received by the Commissioner under sub-section (2) of that section, shall be excluded : Provided that where immediately after the exclusion of the aforesaid period, the period of limitation referred to in sub-section (1) or sub-section (2) available to the Assessing Officer for making an order under clause (c) of section 158BC is less than sixty days, such remaining period shall be extended to sixty days and the aforesaid period of limitation shall be deemed to be extended accordingly.] 2[Explanation 2 : For the removal of doubts, it is hereby declared that the authorisation referred to in sub-section (1) shall be deemed to have been executed, (a) in the case of search, on the conclusion of search as recorded in the last panchnama drawn in relation to any person in whose case the warrant of authorisation has been issued ; (b) in the case of requisition under section 132A, on the actual receipt of the books of account or other documents or assets by the Authorised Officer.] .....
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