Income-tax Welfare Fund: Rs.100 crore corpus funded by government; accretions from specified 10% contributions and prescribed modes. The rule establishes a Rs.100 crore Government-contributed corpus for the Income-tax Welfare Fund and provides that accretions consist of: 10% of the surplus on sale of Government-acquired property (excess of auction proceeds over Government consideration), 10% of rewards sanctioned to Income-tax Department officers and staff under established schemes, and any other prescribed modes of contribution.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Income-tax Welfare Fund: Rs.100 crore corpus funded by government; accretions from specified 10% contributions and prescribed modes.
The rule establishes a Rs.100 crore Government-contributed corpus for the Income-tax Welfare Fund and provides that accretions consist of: 10% of the surplus on sale of Government-acquired property (excess of auction proceeds over Government consideration), 10% of rewards sanctioned to Income-tax Department officers and staff under established schemes, and any other prescribed modes of contribution.
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