Title : Income-tax
State : Central
Year : 1970
In section 2 of the Income-tax Act, - (a) in clause (14), for sub-clause (iii), the following sub-clause shall substituted, namely :- "(iii) agricultural land in India, not being land situate - (a) in any area which is comprised within the jurisdiction of a municipality (whether known as a municipality, municipal corporation, notified area committee, town area committee, town committee, or by any other name) or a cantonment board and which has a population of not less than ten thousand according to the last preceding census of which the relevant figures have been published before the first day of the previous year; or (b) in any area within such distance, not being more than eight kilometres, from the local limits of any municipality or cantonment board referred to in item (a),..... View Complete Act List Judgments citing this sectionTitle : Incomes Which Do Not Form Part of Total Income
State : Central
Year : 1961
In computing the total income of a previous year of any person, any income falling within any of the following clauses shall not be included- (1) agricultural income; (2) subject to the provisions of sub-section (2) of section 64, any sum received by an individual as a member of a Hindu undivided family, where such sum has been paid out of the income of the family, or, in the case of any impartible estate, where such sum has been paid out of the income of the estate belonging to the family; (2A) in the case of a person being a partner of a firm which is separately assessed as such, his share in the total income of the firm. Explanation : For the purposes of this clause, the share of a partner in the total income of a firm separately assessed as such shall, notwithstanding..... View Complete Act List Judgments citing this sectionTitle : Preliminary
State : Central
Year : 1970
(1) This Act may be called the Finance Act, 1970. (2) Save as otherwise provided in this Act, Sections 2 to 27 (both inclusive) and Sections 38 and 39 shall be deemed to have come into force on the 1st day of April, 1970. View Complete Act List Judgments citing this sectionTitle : Rates of Income-tax
State : Central
Year : 1970
(1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 1970, income-tax shall be charged at the rates specified in Part I of the First Schedule and, in the cases to which Paragraph A, B, C and D of that Part apply, shall be increased by a surcharge for purposes of the Union and in the cases to which Paragraph C applies, also by a special surcharge for purposes of the Union, calculated in each case in the manner provided therein. (2) In making any assessment for the assessment year commencing on the 1st day of April, 1970, where the total income of a company, other than the Life Insurance Corporation of India established under the Life Insurance Corporation Act, 1956 (31 of 1956), includes any profits and gains from life..... View Complete Act List Judgments citing this sectionTitle : Income-tax Authorities
State : Karnataka
Year : 1957
17. Income-Tax Authotities (1) There shall be the following classes of income-tax authorities for the purposes of this Act, namely:-- (a) Commissioner of Agricultural Income-tax; 1[(aa)2[Additional Commissioner] of Agricultural Income-tax;] (b)2[Joint Commissioner] of Agricultural Income-tax; 3[(bb)2[Deputy Commissioner] of Agricultural Income-Tax;] (c)2[Assistant Commissioner of Agricultural Income-tax] 4[(d)2[Agricultural Income-tax Officers]] (2) The authorities specified in sub-section (1) shall be appointed by the State Government and shall exercise such powers and perform such functions and duties under this Act in respect of such classes of persons or classes of income and in such areas,5[as the Commissioner may, by notification in the official Gazette, direct.] ..... View Complete Act List Judgments citing this sectionTitle : Other Direct Taxes
State : Central
Year : 1970
In the Wealth-tax Act, 1957, - (a) in section 2, to sub-clause (2) of clause (e), the following proviso shall be added and shall be deemed to have been added with effect from the 1st day of April, 1969, namely :- "Provided that, in relation to the State of Jammu and Kashmir, this sub-clause shall have effect subject to the modification that for the assets specified in items (i) to (iii) of this sub-clause, the assets specified in items (i) to (v) of sub-clause (1) shall be substituted and the other provisions of this Act shall be construed accordingly;"; (b) in section 5, - (i) in sub-section (1), - (1) for the words "Wealth-tax shall not be payable by an assessee in respect of the following assets", the words, brackets, figure and letter "Subject to the provisions of..... View Complete Act List Judgments citing this sectionState : Central
Year : 1970
FINANCE ACT, 1970 FINANCE ACT, 1970 19 of 1970 14th May, 1970 An Act to give effect to the financial proposals of the Central Government for the financial year 1970-71. Be it enacted by Parliament in the Twenty-first Year of the Republic of India as follows :- SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called The Finance Act, 1970. (2) Save as otherwise provided in this Act, sections 2 to27 -(both inclusive) and sections 38 and 39 shall be deemed to have come into force on the 1st day of April, 1970. SECTION 02: INCOME-TAX (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of' April, 1970, income-tax shall be charged at the rates specified in Part I of the First Schedule and, in the..... List Judgments citing this sectionTitle : Amendment of Section 2
State : Central
Year : 1970
In section 2 of the Income-tax Act, - (a) in clause (14), for sub-clause (iii), the following sub-clause shall substituted, namely :- "(iii) agricultural land in India, not being land situate - (a) in any area which is comprised within the jurisdiction of a municipality (whether known as a municipality, municipal corporation, notified area committee, town area committee, town committee, or by any other name) or a cantonment board and which has a population of not less than ten thousand according to the last preceding census of which the relevant figures have been published before the first day of the previous year; or (b) in any area within such distance, not being more than eight kilometres, from the local limits of any municipality or cantonment board referred to in item (a),..... View Complete Act List Judgments citing this sectionTitle : Indirect Taxes
State : Central
Year : 1970
The Indian Tariff Act, 1934 (hereinafter referred to as the Tariff Act), shall be amended in the manner specified in the Second Schedule. Section 29 - Special duties of customs (1) In the case of goods chargeable with a duty of customs which is specified in the First Schedule to the Tariff Act, or in that Schedule as amended by this Act or a subsequent Central Act, if any, or in that Schedule read with any notification of the Central Government for the time being in force, there shall be levied and collected as an addition to, and in the same manner as, the total amount so chargeable, a special duty of customs equal to ten per cent. of such amount : Provided that in computing the total amount so chargeable, any duty chargeable under section 2A of the Tariff Act or section 30 of..... View Complete Act List Judgments citing this sectionTitle : Miscellaneous
State : Central
Year : 1970
In the First Schedule to the Indian Post Office Act, 1898, - (a) for the sub-heading "Book, Pattern and Sample packets" and the entries thereunder, the following shall be substituted, namely :- "Book, Pattern and Sample packets For the first fifty grams or fraction thereof 20 paise; For every additional twenty-five grams, or fraction thereof, in excess of fifty grams 10 paise"; (b) for the sub-heading "Parcels" and the entries thereunder, the following shall be substituted, namely :- "Parcels" For a weight not exceeding four hundred grams 90 paise; For every four hundred grams, or fraction thereof, exceeding four hundred grams 90 paise"...... View Complete Act List Judgments citing this section