Just a moment...

⚠✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
>
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 Circulars - Adv. Search ❯
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
  • Title Only
Law:
---- All Laws----❯
  • ---- All Laws----
  • Income Tax
  • Central GST Laws
  • SGST - State GST Laws
  • Customs
  • FTP - Foreign Trade Policy
  • SEZ - Special Economic Zone
  • FEMA - Foreign Exchange Management
  • Companies Law
  • SEBI - Securities & Exchange Board of India
  • IBC - Insolvency and Bankruptcy
  • LLP - Limited Liability Partnership
  • Trust and Society
  • PMLA - Money-Laundering
  • Indian Laws
  • Service Tax
  • Central Excise
  • DVAT - Delhi Value Added Tax
  • Reserve Bank of India
Year: ?
Publishing Year
---- All Years ----❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
  • 2001
  • 2000
  • 1999
  • 1998
  • 1997
  • 1996
  • 1995
  • 1994
  • 1993
  • 1992
  • 1991
  • 1990
  • 1989
  • 1988
  • 1987
  • 1986
  • 1985
  • 1984
  • 1983
  • 1982
  • 1981
  • 1980
  • 1979
  • 1978
  • 1977
  • 1976
  • 1975
  • 1974
  • 1973
  • 1972
  • 1971
  • 1970
  • 1969
  • 1968
  • 1967
  • 1966
  • 1965
  • 1964
  • 1963
  • 1962
  • 1961
  • 1960
  • 1959
  • 1958
  • 1957
  • 1956
  • 1955
  • 1954
  • 1953
  • 1952
  • 1951
  • 1950
  • 1949
  • 1948
  • 1947
  • 1946
  • 1945
  • 1944
  • 1943
  • 1942
  • 1941
  • 1940
  • 1939
  • 1938
  • 1937
  • 1936
  • 1935
From Date:
To Date:
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    Circular : No. 37/75 - 17-01-1976 Companies Law
    Director standing surety for outsider against whom prosecution was launched ‑ Whether ultra vires the company
    Circular : No. 37/75 - 17-01-1976 Companies Law
    Director standing surety to outsider - Instructions to directors not to expose themselves to risk of standing sureties for accused persons
    913/CBDT - 16-01-1976 Income Tax
    Legal ownership of the trust property vests in the trustees.
    188/1976 - 16-01-1976 Income Tax
    Notifications No. S.O. 225(E) dated 30th March, 1974, and S.O. 153(E) dated 25th March, 1975, issued under rule 6(b) of Part A of the Fourth Schedule ...
    912/CBDT - 14-01-1976 Income Tax
    Disciplinary action in cases where refund voucher not issued within seven days of passing of order.
    911/CBDT - 14-01-1976 Income Tax
    Direct Taxes Enquiry Committee for filing of returns of income.
    Letter : No. 12/26/75-CL-V, - 10-01-1976 Companies Law
    The word “court” occurring in section 75(1)(c)(ii) should be read harmoniously with section 79 in which “court” has been replaced with “Comp...
    910/CBDT - 08-01-1976 Income Tax
    Directions to manufacturers regarding class or specifications of cloth.
    909/CBDT - 01-01-1976 Income Tax
    Assessment of income from royalties, fees for technical services. know-how fees.
❮
❯
❯❯
MaximizeMaximizeMaximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

    +

    Are you sure you want to delete "My most important" ?

    NOTE:

    Open Link
    Circulars
    All› 1976
    Showing Results for :
    Reset Filters
    Results Found:
    Show All SummariesHide All Summaries
    Circular : No. 37/75 - 17-01-1976 Companies Law
    Director standing surety for outsider against whom prosecution was launched ‑ Whether ultra vires the company
    Show AI Summary
    Director surety liability: standing surety for unrelated accused is ultra vires and risks personal liability.
    Director standing surety for an outsider not connected with the company's administration is ultra vires the company; furnishing the company's surety in such cases exceeds corporate authority. Directors should not expose themselves or the company to the risk of acting as sureties for unrelated persons, since they may be held personally liable for acting outside the company's authority and in a manner prejudicial to the company's interests.
    Circular : No. 37/75 - 17-01-1976 Companies Law
    Director standing surety to outsider - Instructions to directors not to expose themselves to risk of standing sureties for accused persons
    Show AI Summary
    Directors standing surety warns that furnishing company surety for outsiders risks personal liability and is ultra vires.
    A government circular warns that a director furnishing the company's surety for an outsider accused in criminal proceedings is ultra vires and may be prejudicial to the company's interests; directors are instructed not to expose themselves or the company to the risk of standing sureties for accused outsiders because such conduct may attract personal liability for acting outside corporate authority.
    913/CBDT - 16-01-1976 Income Tax
    Legal ownership of the trust property vests in the trustees.
    Show AI Summary
    Trust legal ownership bars house-property exemption for a beneficiary's life interest under the wealth tax framework.
    The Board instructed that legal ownership of trust property vests in trustees, so a beneficiary's life interest in a trust-held house does not constitute ownership and therefore the house-property exemption under the Wealth-tax Act is not allowable for that life interest.
    188/1976 - 16-01-1976 Income Tax
    Notifications No. S.O. 225(E) dated 30th March, 1974, and S.O. 153(E) dated 25th March, 1975, issued under rule 6(b) of Part A of the Fourth Schedule to the Income-tax Act, 1961-Instructions regarding
    Show AI Summary
    Exemption for provident fund interest applies prospectively; enhanced prescribed rates exempt only amounts credited after notification takes effect.
    Interest credited to an employee's account in a recognised provident fund is exempt from income tax subject to the ceiling of one third of salary or the rate prescribed by the Central Government under the Fourth Schedule. Notifications increasing the prescribed rate operate prospectively; exemption at an enhanced prescribed rate applies only to interest amounts credited to individual accounts on or after the notification's effective date.
    912/CBDT - 14-01-1976 Income Tax
    Disciplinary action in cases where refund voucher not issued within seven days of passing of order.
    Show AI Summary
    Issuance of refund vouchers must meet prescribed timelines or disciplinary action applies; inspectors must certify and explain any delays.
    Disciplinary action is to be initiated where refund vouchers are not issued within seven days of the passing of the order except under exceptional circumstances; Inspecting Assistant Commissioners are responsible for enforcing the instruction and must furnish monthly certificates to Commissioners confirming no unexplained delays and explaining any instances of delay.
    911/CBDT - 14-01-1976 Income Tax
    Direct Taxes Enquiry Committee for filing of returns of income.
    Show AI Summary
    Centralised receipt of income tax returns: establish counters per tax circle to accept posted or messenger delivered returns.
    Centralised counters must be established in city charges for each Income tax Circle or District and equivalent arrangements in mofussil tax circles; these counters shall receive returns sent by post or by messengers, and Commissioners of Income tax are required to implement these arrangements by the prescribed effective date.
    Letter : No. 12/26/75-CL-V, - 10-01-1976 Companies Law
    The word “court” occurring in section 75(1)(c)(ii) should be read harmoniously with section 79 in which “court” has been replaced with “Company Law Board”
    Show AI Summary
    Interpretation of 'court' as equivalent to an administrative tribunal, making its orders operate as court orders.
    The term court in section 75(1)(c)(ii) should be read harmoniously with the amended section 79, where court is replaced by Company Law Board; accordingly an order of the Company Law Board should be treated as an order of the court for the purposes of section 75(1)(c)(ii).
    910/CBDT - 08-01-1976 Income Tax
    Directions to manufacturers regarding class or specifications of cloth.
    Show AI Summary
    Levy for failure to meet textile packing quotas treated as penalty, not allowable deduction; assistance is taxable.
    Payments by textile producers for failure to meet prescribed packing or production minima under the Cotton Textile(Control) Order, 1948 are characterised as a penalty and are not allowable as deduction u/s 37, whereas cash assistance paid for excess packing is a revenue receipt and must be included in taxable income. The Board directs review of completed assessments for specified concerns (2 May 1968-31 May 1971) to recover disallowed deductions and include excluded assistance, with a report due by 31 January 1976.
    909/CBDT - 01-01-1976 Income Tax
    Assessment of income from royalties, fees for technical services. know-how fees.
    Show AI Summary
    Scrutiny of foreign royalty and technical service expense claims - enhanced verification and commissioner review required where excessive.
    Expense claims by foreign collaborators for royalties, technical service fees and know how must be subject to in depth scrutiny; assessing officers should consider alternative computation methods where appropriate. If claimed expenses exceed one third of gross receipts from royalties or technical service fees, the Commissioner of Income tax must review the case and advise assessing officers. Assessment recordkeeping for foreign companies should be improved, with remedial measures implemented and attention from newly created IAC ranges.

    Circulars

    All› 1976
    Back

    All Circulars

    Showing Results for :
    Reset Filters
      No Records Found

      Circulars

      Home› Circulars List › Income Tax › 1976 › Income Tax - 1976 › This
      Back

      All Circulars

      whatsappJoin Channel
      Showing Results for : Reset Filters
      Income Tax

      Instructions to Inspecting Assistant Commissioners of Income-tax.

      Contents
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      Print Options

      Instruction compliance required: ensure immediate circulation and implementation of Board directives across income-tax ranges without delay.
      The Board directs prompt internal dissemination and implementation of its instructions after noting that some district Income-tax Officers remained ... Summary

      Topics

      ActsIncome Tax
      Next ➔