Title : Refunds
State : Central
Year : 1961
If any person satisfies the Assessing Officer that the amount of tax paid by him or on his behalf or treated as paid by him or on his behalf for any assessment year exceeds the amount with which he is properly chargeable under this Act for that year, he shall be entitled to a refund of the excess. View Complete Act List Judgments citing this sectionTitle : Person Entitled to Claim Refund in Certain Special Cases
State : Central
Year : 1961
(1) Where the income of one person is included under any provision of this Act in the total income of any other person, the latter alone shall be entitled to a refund under this Chapter in respect of such income. 1[(1A) Where the value of fringe benefits provided or deemed to have been provided by one employer is included under any provisions of Chapter XIIH in the value of fringe benefits provided or deemed to have been provided by any other employer, the latter alone shall be entitled to a refund under this Chapter in respect of such fringe benefits.] (2) Where through death, incapacity, insolvency, liquidation or other cause, a person is unable to claim or receive any refund due to him, his legal representative or the trustee or guardian or receiver, as the case may be, shall be..... View Complete Act List Judgments citing this sectionTitle : Authority for Advance Rulings
State : Central
Year : 1961
(1) The Central Government shall constitute an Authority for giving advance rulings, to be known as Authority for Advance Rulings. (2) The Authority shall consist of the following Members appointed by the Central Government, namely: (a) a Chairman, who is a retired Judge of the Supreme Court; (b) an officer of the Indian Revenue Service who is qualified to be a Member of the Central Board of Direct Taxes; (c) an officer of the Indian Legal Service who is, or is qualified to be, an Additional Secretary to the Government of India. (3) The salaries and allowances payable to, and the terms and conditions of service of, the Members shall be such as may be prescribed. (4) The Central Government shall provide the Authority with such officers and staff as may be necessary for the..... View Complete Act List Judgments citing this sectionTitle : Failure to Furnish Information Regarding Securities, Etc. (Omitted)
State : Central
Year : 1961
1[***] ________________________________ 1. Omitted by the Direct Tax Laws (Amendment) Act, 1987, with effect from 1st April, 1989. View Complete Act List Judgments citing this sectionTitle : [Omitted]
State : Central
Year : 1961
1[***] _________________________ 1. Omitted by the Direct Tax Laws (Amendment) Act, 1987, with effect from 1st April, 1989. View Complete Act List Judgments citing this sectionTitle : Failure to Pay Tax to the Credit of Central Government Under Chapter Xii-d or Xvii-b
State : Central
Year : 1961
If a person fails to pay to the credit of the Central Government, - (a) the tax deducted at source by him as required by or under the provisions of Chapter XVIIB ; or (b) the tax payable by him, as required by or under, - (i) sub-section (2) of section 115-O ; or (ii) second proviso to section 194B, he shall be punishable with rigorous imprisonment for a term which shall not be less than three months but which may extend to seven years and with fine. View Complete Act List Judgments citing this sectionTitle : Failure to Furnish Return of Income in Search Cases
State : Central
Year : 1961
If a person wilfully fails to furnish in due time the return of total income which he is required to furnish by notice given under clause (a) of section 158BC, he shall be punishable with imprisonment for a term which shall not be less than three months but which may extend to three years and with fine: Provided that no person shall be punishable for any failure under this section in respect of search initiated under section 132 or books of account, other documents or any assets requisitioned under section 132A, after the 30th day of June, 1995 but before the 1st day of January, 1997. View Complete Act List Judgments citing this sectionTitle : False Statement in Verification, Etc.
State : Central
Year : 1961
If a person makes a statement in any verification under this Act or under any rule made thereunder, or delivers an account or statement which is false, and which he either knows or believes to be false, or does not believe to be true, he shall be punishable, - (i) in a case where the amount of tax, which would have been evaded if the statement or account had been accepted as true, exceeds one hundred thousand rupees, with rigorous imprisonment for a term which shall not be less than six months but which may extend to seven years and with fine ; (ii) in any other case, with rigorous imprisonment for a term which shall not be less than three months but which may extend to three years and with fine. View Complete Act List Judgments citing this sectionTitle : Tax Credit Certificates to Certain Equity Shareholders (Omitted)
State : Central
Year : 1961
1[***] _____________________________________ 1. Omitted by the Finance Act, 1990, with effect from 1st April, 1990. View Complete Act List Judgments citing this sectionTitle : Authentication of Notice and Other Documents
State : Central
Year : 1961
1[(1) Where this Act requires a notice or other document to be issued by any income-tax authority, such notice or other document shall be signed in manuscript by that authority. (2) Every notice or other document to be issued, served or given for the purposes of this Act by any income-tax authority, shall be deemed to be authenticated if the name and office of a designated income-tax authority is printed, stamped or otherwise written thereon. (3) For the purposes of this section, a designated income-tax authority shall mean any income-tax authority authorised by the Board to issue, serve or give such notice or other document after authentication in the manner as provided in sub-section (2).] ____________________________ 1. Inserted by the Finance Act, 2008, with effect from 1st..... View Complete Act List Judgments citing this section