Tax treatment to National Defence Bonds 1980.

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Full Text of the Document

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.... examined the question as to whether any enquiry regarding the source of purchase of the gold bonds is permissible. 2. Sec.8 of the taxation Laws Act 1965 states that where a person who has acquired any gold out of his income which has not been disclosed by him for the purpose of Indian Income-tax Act, 1922 or I.T. Act, 1961 tenders such gold as subscription for the National Defence Gold Bonds ....