1. Short title, extent and commencement.7 2. Definitions.109 3. "Previous year" defined51 4. Charge of income-tax.38 5. Scope of total income.32 5A. Apportionment of income between spouses go…1 6. Residence in India.22 7. Income deemed to be received.8 8. Dividend income.16 9. Income deemed to accrue or arise in India.20 9A. Certain activities not to constitute busin…9B. Income on receipt of capital asset or stoc…10. Incomes not included in total income.112 10A. Special provision in respect of newly esta…4 10AA. Special provisions in respect of newly est…10B. Special provisions in respect of newly est…1 10BA. Special provisions in respect of export of…10BB. Meaning of computer programmes in certain …10C. Special provision in respect of certain in…11. Income from property held for charitable o…34 12. Income of trusts or institutions from cont…21 12A. Conditions for applicability of sections 1…4 12AA. Procedure for registration.6 12AB. Procedure for fresh registration 12AC. Merger of charitable trusts or institution…13. Section 11 not to apply in certain cases.13 13A. Special provision relating to incomes of p…4 13B. Special provisions relating to voluntary c…1 14. Heads of income.9 14A. Expenditure incurred in relation to income…3 15. Salaries.3 16. Deductions from salaries.18 17. "Salary", "perquisite" and "profits in lie…14 22. Income from house property.19 23. Annual value how determined.33 24. Deductions from income from house property…7 25. Amounts not deductible from income from ho…3 25A. Special provision for arrears of rent and …8 26. Property owned by co-owners.3 27. "Owner of house property", "annual charge"…6 28. Profits and gains of business or professio…33 29. Income from profits and gains of business …10 30. Rent, rates, taxes, repairs and insurance …13 31. Repairs and insurance of machinery, plant …13 32. Depreciation.36 32A. Investment allowance.7 32AB. Investment deposit account.4 32AC. Investment in new plant or machinery.32AD. Investment in new plant or machinery in no…33. Development rebate.14 33A. Development allowance.6 33AB. Tea development account 2[, coffee develop…33ABA. Site Restoration Fund.33AC. Reserves for shipping business.33B. Rehabilitation allowance.5 34. Conditions for depreciation allowance and …69 34A. Restriction on unabsorbed depreciation and…35. Expenditure on scientific research.24 35A. Expenditure on acquisition of patent right…1 35AB. Expenditure on know-how.2 35ABA. Expenditure for obtaining right to use spe…35ABB. Expenditure for obtaining licence to opera…35AC. Expenditure on eligible projects or scheme…1 35AD. Deduction in respect of expenditure on spe…35CCA. Expenditure by way of payment to associati…35CCB. Expenditure by way of payment to associati…35CCC. Expenditure on agricultural extension proj…35CCD. Expenditure on skill development project.35D. Amortisation of certain preliminary expens…35DD. Amortisation of expenditure in case of ama…35DDA. Amortisation of expenditure incurred under…35E. Deduction for expenditure on prospecting, …1 36. Other deductions.26 37. General.46 38. Building, etc., partly used for business, …39. Managing agency commission.rep 40. Amounts not deductible.17 40A. Expenses or payments not deductible in cer…7 41. Profits chargeable to tax.23 42. Special provision for deductions in the ca…16 43. Definitions of certain terms relevant to i…15 43A. Special provisions consequential to change…4 43AA. Taxation of foreign exchange fluctuation.43B. Certain deductions to be only on actual pa…17 43C. Special provision for computation of cost …43CA. Special provision for full value of consid…1 43CB. Computation of income from construction an…43D. Special provision in case of income of pub…1 44. Insurance business.18 44A. Special provision for deduction in the cas…1 44AA. Maintenance of accounts by certain persons…44AB. Audit of accounts of certain persons carry…5 44AD. Special provision for computing profits an…1 44ADA. Special provision for computing profits an…44AE. Special provision for computing profits an…44AF. Special provisions for computing profits a…44B. Special provision for computing profits an…2 44BB. Special provision for computing profits an…5 44BBA. Special provision for computing profits an…44BBB. Special provision for computing profits an…44BBC. Special provision for computing profits an…44BBD. Special provision for computing profits an…44C. Deduction of head office expenditure in th…1 44D. Special provisions for computing income by…4 44DA. Special provision for computing income by …44DB. Special provision for computing deductions…45. Capital gains.23 46. Capital gains on distribution of assets by…20 46A. Capital gains on purchase by company of it…47. Transactions not regarded as transfer.4 47A. Withdrawal of exemption in certain cases.48. Mode of computation.12 49. Cost with reference to certain modes of ac…4 50. Special provision for computation of capit…4 50A. Special provision for cost of acquisition …1 50AA. Special provision for computation of capit…50B. Special provision for computation of capit…50C. Special provision for full value of consid…1 50CA. Special provision for full value of consid…50D. Fair market value deemed to be full value …51. Advance money received.4 54. Profit on sale of property used for reside…8 54B. Capital gain on transfer of land used for …54D. Capital gain on compulsory acquisition of …54E. Capital gain on transfer of capital not to…54EA. Capital gain on transfer of long-term capi…1 54EB. Capital gain on transfer of long-term capi…54EC. Capital gain not to be charged on investme…54ED. Capital gain on transfer of certain listed…54EE. Capital gain not to be charged on investme…54F. Capital gain on transfer of certain capita…54G. Exemption of capital gains on transfer of …1 54GA. Exemption of capital gains on transfer of …54GB. Capital gain on transfer of residential pr…54H. Extension of time for acquiring new asset …1 55. Meaning of “adjusted”, “cost of improvemen…6 55A. Reference to Valuation Officer.1 56. Income from other sources.10 57. Deductions.5 58. Amounts not deductible.59. Profits chargeable to tax.7 60. Transfer of income where there is no trans…6 61. Revocable transfer of assets.2 62. Transfer irrevocable for a specified perio…63. "Transfer" and "revocable transfer" define…2 64. Income of individual to include income of …13 65. Liability of person in respect of income i…6 66. Total income.40 67A. Method of computing a member's share in in…3 68. Cash credits.7 69. Unexplained investments.2 69A. Unexplained money, etc.6 69B. Amount of investments, etc., not fully dis…69C. Unexplained expenditure, etc.1 69D. Amount borrowed or repaid on hundi.70. Set off of loss from one source against in…4 71. Set off of loss from one head against inco…71A. Transitional provisions for set off of los…71B. Carry forward and set off of loss from hou…72. Carry forward and set off of business loss…5 72A. Provisions relating to carry forward and s…9 72AA. Provisions relating to carry forward and s…72AB. Provisions relating to carry forward and s…73. Losses in speculation business.2 73A. Carry forward and set off of losses by spe…74. Losses under the head “Capital gains”.1 74A. Losses from certain specified sources fall…75. Losses of firms.78. Carry forward and set off of losses in cas…79. Carry forward and set off of losses in cas…5 79A. No set off of losses consequent to search,…80. Submission of return for losses.38 80-I. Deduction in respect of profits and gains …80-IA. Deductions in respect of profits and gains…80-IAB. Deductions in respect of profits and gains…80-IAC. Special provision in respect of specified …80-IB. Deduction in respect of profits and gains …80-IBA. Deductions in respect of profits and gains…80-IC. Special provisions in respect of certain u…80-ID. Deduction in respect of profits and gains …80-IE. Special provisions in respect of certain u…80-O. Deduction in respect of royalties, etc., f…80A. Deductions to be made in computing total i…1 80AB. Deductions to be made with reference to th…1 80AC. Deduction not to be allowed unless return …80B. Definitions.2 80C. Deduction in respect of life insurance pre…3 80CCA. Deduction in respect of deposits under Nat…80CCB. Deduction in respect of investment made un…80CCC. Deduction in respect of contribution to ce…80CCD. Deduction in respect of contribution to pe…80CCE. Limit on deductions under section 80C, sec…80CCF. Deduction in respect of subscription to lo…80CCG. Deduction in respect of investment made un…80CCH. Deduction in respect of contribution to Ag…80D. Deduction in respect of health insurance p…80DD. Deduction in respect of maintenance includ…2 80DDB. Deduction in respect of medical treatment,…80E. Deduction in respect of interest on loan t…7 80EE. Deduction in respect of interest on loan t…80EEA. Deduction in respect of interest on loan t…80EEB. Deduction in respect of purchase of electr…80G. Deduction in respect of donations to certa…2 80GG. Deductions in respect of rents paid.80GGA. Deduction in respect of certain donations …80GGB. Deduction in respect of contributions give…1 80GGC. Deduction in respect of contributions give…1 80HH. Deduction in respect of profits and gains …11 80HHA. Deduction in respect of profits and gains …80HHB. Deduction in respect of profits and gains …1 80HHBA. Deduction in respect of profits and gains …80HHC. Deduction in respect of profits retained f…24 80HHD. Deduction in respect of earnings in conver…80HHE. Deduction in respect of profits from expor…80HHF. Deduction in respect of profits and gains …80JJA. Deduction in respect of profits and gains …80JJAA. Deduction in respect of employment of new …80LA. Deductions in respect of certain incomes o…80M. Deduction in respect of certain inter-corp…2 80P. Deduction in respect of income of co-opera…13 80PA. Deduction in respect of certain income of …80Q. Deduction in respect of profits and gains …80QQA. Deduction in respect of professional incom…80QQB. Deduction in respect of royalty income, et…80R. Deduction in respect of remuneration from …80RR. Deduction in respect of professional incom…80RRA. Deduction in respect of remuneration recei…80RRB. Deduction in respect of royalty on patents…80TTA. Deduction in respect of interest on deposi…80TTB. Deduction in respect of interest on deposi…80U. Deduction in case of a person with disabil…2 86. Share of member of an association of perso…1 87. Rebate to be allowed in computing income-t…87A. Rebate of income-tax in case of certain in…88. Rebate on life insurance premia, contribut…88E. Rebate in respect of securities transactio…89. Relief when salary, etc., is paid in arrea…9 89A. Relief from taxation in income from retire…90. Agreement with foreign countries or specif…8 90A. Adoption by Central Government of agreemen…91. Countries with which no agreement exists.92. Computation of income from international t…2 92A. Meaning of associated enterprise.92B. Meaning of international transaction.92BA. Meaning of specified domestic transaction.92C. Computation of arm’s length price.2 92CA. Reference to Transfer Pricing Officer2 92CB. Power of Board to make safe harbour rules 92CC. Advance pricing agreement.92CD. Effect to advance pricing agreement.1 92CE. Secondary adjustment in certain cases.92D. Maintenance, keeping and furnishing of inf…92E. Report from an accountant to be furnished …92F. Definitions of certain terms relevant to c…1 93. Avoidance of income-tax by transactions re…94. Avoidance of tax by certain transactions i…94A. Special measures in respect of transaction…94B. Limitation on interest deduction in certai…95. Applicability of GeneralAnti-Avoidance Rul…96. Impermissible avoidance arrangement.97. Arrangement to lack commercial substance.98. Consequences of impermissible avoidance ar…99. Treatment of connected person and accommod…100. Application of this Chapter.1 101. Framing of guidelines.1 102. Definitions.1 103. Original CHAPTER XI dealing with Additiona…110. Determination of tax where total income in…1 111. Tax on accumulated balance of recognised p…111A. Tax on short-term capital gains in certain…112. Tax on long-term capital gains.112A. Tax on longterm capital gains in certain c…113. Tax in the case of block assessment of sea…4 115-I. Chapter not to apply if the assessee so ch…115-O. Tax on distributed profits of domestic com…115A. Tax on dividends, royalty and technical se…3 115AB. Tax on income from units purchased in fore…115AC. Tax on income from bonds or Global Deposit…115ACA. Tax on income from Global Depository Recei…115AD. Tax on income of Foreign Institutional Inv…1 115B. Tax on profits and gains of life insurance…115BA. Tax on income of certain domestic companie…115BAA. Tax on income of certain domestic companie…115BAB. Tax on income of new manufacturing domesti…115BAC. Tax on income of individuals, Hindu undivi…115BAD. Tax on income of certain resident co-opera…115BAE. Tax on income of certain new manufacturing…115BB. 115BBA. Tax on non-resident sportsmen or sports as…115BBB. Tax on income from units of an open-ended …115BBC. Anonymous donations to be taxed in certain…115BBD. Tax on certain dividends received from for…115BBDA. Tax on certain dividends received from dom…115BBE. Tax on income referred to in section 68 or…115BBF. Tax on income from patent.115BBG. Tax on income from transfer of carbon cred…115BBH. Tax on income from virtual digital asset 115BBI. Specified income of certain institutions 115BBJ. Tax on winnings from online games 115C. Definitions.115D. Special provision for computation of total…115E. Tax on investment income and long-term cap…115F. Capital gains on transfer of foreign excha…115G. 115H. Benefit under Chapter to be available in c…115J. Special provisions relating to certain com…8 115JA. Deemed income relating to certain companie…1 115JAA. Tax credit in respect of tax paid on deeme…1 115JB. Special provision for payment of tax by ce…6 115JC. Special provisions for payment of tax by c…115JD. Tax credit for alternate minimum tax.115JE. Application of other provisions of this Ac…115JEE. Application of this Chapter to certain per…115JF. Interpretation in this Chapter.In this Cha…115JG. Conversion of an Indian branch of foreign …115JH. Foreign company said to be resident in Ind…115P. Interest payable for non-payment of tax by…115Q. When company is deemed to be in default.115QA. Tax on distributed income to shareholders.1 115QB. Interest payable for non-payment of tax by…115QC. When company is deemed to be assessee in d…115R. Tax on distributed income to unit holders.115S. Interest payable for non-payment of tax.115T. Unit Trust of India or Mutual Fund to be a…115TA. Tax on distributed income to investors.115TB. Interest payable for non-payment of tax.115TC. Securitisation trust to be assessee in def…115TCA. Tax on income from securitisation trusts.115TD. Tax on accreted income 115TE. Interest payable for non-payment of tax by…115TF. When specified person is deemed to be asse…115U. Tax on income in certain cases.115UA. Tax on income of unit holder and business …115UB. Tax on income of investment fund and its u…115V. Definitions.115V-I. Relevant shipping income 115V-O. Exclusion from provisions of section 115JB 115VA. Computation of profits and gains from the …115VB. Operating ships.115VC. Qualifying company.115VD. Qualifying ship.115VE. Manner of computation of income under tonn…115VF. Tonnage income.115VG. Computation of tonnage income.115VH. Calculation in case of joint operation, et…115VI. Relevant shipping income.115VJ. Treatment of common costs.115VK. Depreciation.115VL. General exclusion of deduction and set off…115VM. Exclusion of loss.115VN. Chargeable gains from transfer of tonnage …115VP. Method and time of opting for tonnage tax …115VQ. Period for which tonnage tax option to rem…115VR. Renewal of tonnage tax scheme.115VS. Prohibition to opt for tonnage tax scheme …115VT. Transfer of profits to Tonnage Tax Reserve…115VU. Minimum training requirement for tonnage t…115VV. Limit for charter in of tonnage.115VW. Maintenance and audit of accounts.115VX. Determination of tonnage.115VY. Amalgamation.115VZ. Demerger.115VZA. Effect of temporarily ceasing to operate q…115VZB. Avoidance of tax.115VZC. Exclusion from tonnage tax scheme.115W. Definitions.115WA. Charge of fringe benefit tax.115WB. Fringe benefits.1 115WC. Value of fringe benefits.1 115WD. Return of fringe benefits.115WE. Assessment.115WF. Best judgment assessment.115WG. Fringe benefits escaping assessment.115WH. Issue of notice where fringe benefits have…115WI. Payment of fringe benefit tax.115WJ. Advance tax in respect of fringe benefits.115WK. Interest for default in furnishing return …115WKA. Recovery of fringe benefit tax by the empl…115WKB. Deemed payment of tax by employee.115WL. Application of other provisions of this Ac…115WM. Chapter XII-H not to apply after a certain…116. Income-tax authorities.3 117. Appointment of income-tax authorities.2 118. Control of income-tax authorities.119. Instructions to subordinate authorities.16 119A. Taxpayer's Charter 120. Jurisdiction of income-tax authorities.1 124. Jurisdiction of Assessing Officers.127. Power to transfer cases7 129. Change of incumbent of an office.130. Faceless jurisdiction of income-tax author…131. Power regarding discovery, production of e…10 132. Search and seizure.45 132A. Powers to requisition books of account, et…4 132B. Application of seized or requisitioned ass…133. Power to call for information.4 133A. Power of survey.10 133B. Power to collect certain information 133C. Power to call for information by prescribe…134. Power to inspect registers of companies.1 135. Power of Principal Director General or Dir…1 135A. Faceless collection of information 136. Proceedings before income-tax authorities …2 138. Disclosure of information respecting asses…139. Return of income.27 139A. Permanent account number.139AA. Quoting of Aadhaar number2 139B. Scheme for submission of returns through T…139C. Power of Board to dispense with furnishing…139D. Filing of return in electronic form.140. Return by whom to be 2[verified].3 140A. Self-assessment.1 140B. Tax on updated return 142. Inquiry before assessment.15 142A. Estimation of value of assets by Valuation…142B. Faceless inquiry or Valuation 143. Assessment.50 144. Best judgment assessment.4 144A. Power of 10[Joint Commissioner] to issue d…2 144B. Faceless Assessment1 144BA. Reference to 2[Principal Commissioner orCo…144C. Reference to dispute resolution panel.1 145. Method of accounting.8 145A. Method of accounting in certain cases.145B. Taxability of certain income.147. Income escaping assessment.37 147A. Assessing Officer for purposes of sections…148. Issue of notice where income has escaped a…45 148A. Procedure before issuance of notice under …2 148B. Prior approval for assessment, reassessmen…149. Time limit for notice.2 150. Provision for cases where assessment is in…2 151. Sanction for issue of notice2 151A. Faceless assessment of income escaping ass…1 152. Other provisions.153. Time limit for completion of assessment, r…5 153A. Assessment in case of search or requisitio…2 153B. Time limit for completion of assessment un…153C. Assessment of income of any other person5 153D. Prior approval necessary for assessment in…154. Rectification of mistake.14 155. Other amendments.3 156. Notice of demand.8 156A. Modification and revision of notice in cer…157. Intimation of loss.157A. Faceless rectification, amendments and iss…158. Intimation of assessment of firm.1 158A. Procedure when assessee claims identical q…158AA. Procedure when in an appeal by revenue an …158AB. Procedure where an identical question of l…158B. Definitions1 158BA. Assessment of undisclosed income as a resu…158BB. Computation of undisclosed income of the b…1 158BC. Procedure for block assessment.5 158BD. Undisclosed income of any other person.1 158BE. Time limit for completion of block assessm…2 158BF. Certain interests and penalties not to be …158BFA. Levy of interest and penalty in certain ca…1 158BG. Authority competent to make the block asse…158BH. Application of other provisions of this Ac…1 158BI. Chapter not to apply after certain date.159. Legal representatives.3 160. Representative assessee.1 161. Liability of representative assessee.6 162. Right of representative assessee to recove…163. Who may be regarded as agent.3 164. Charge of tax where share of beneficiaries…2 164A. Charge of tax in case of oral trust.1 165. Case where part of trust income is chargea…166. Direct assessment or recovery not barred 167. Remedies against property in cases of repr…167A. Charge of tax in the case of a firm1 167B. Charge of tax where shares of members in a…2 167C. Liability of partners of limited liability…168. Executors1 169. Right of executor to recover tax paid.170. Succession to business otherwise than on d…1 170A. Effect of order of tribunal or court in re…171. Assessment after partition of a Hindu undi…8 172. Shipping business of non-residents.3 173. Recovery of tax in respect of non-resident…174. Assessment of persons leaving India.174A. Assessment of association of persons or bo…175. Assessment of persons likely to transfer p…176. Discontinued business.1 177. Association dissolved or business disconti…1 178. Company in liquidation.2 179. Liability of directors of private company …1 180. Royalties or copyright fees for literary o…180A. Consideration for know-how.184. Assessment as a firm.2 185. Assessment when section 184 not complied w…5 187. Change in constitution of a firm2 188. Succession of one firm by another firm.1 188A. Joint and several liability of partners fo…189. Firm dissolved or business discontinued.1 189A. Provisions applicable to past assessments …190. Deductionat source and advance payment.191. Direct payment.192. Salary.11 192A. Payment of accumulated balance due to an e…193. Interest on securities.2 194. Dividends.3 194-I. Rent 194-IA. Payment on transfer of certain immovable p…194-IB. Payment of rent by certain individuals or …194-IC. Payment under specified agreement 194-O. Payment of certain sums by e-commerce oper…194A. Interest other than “Interest on securitie…6 194B. Winnings from lottery or crossword puzzle,…1 194BA. Winnings from online games 194BB. Winnings from horse race 194C. Payments to contractors.7 194D. Insurance commission.194DA. Payment in respect of life insurance polic…194E. Payments to non-resident sportsmen or spor…1 194EE. Payments in respect of deposits under Nati…194F. Payments on account of repurchase of units…194G. Commission, etc., on the sale of lottery t…1 194H. Commission or brokerage.6 194J. Fees for professional or technical service…2 194K. Income in respect of units 194LA. Payment of compensation on acquisition of …194LB. Income by way of interest from infrastruct…194LBA. Certain income from units of a business tr…194LBB. Income in respect of units of investment f…194LBC. Income in respect of investment in securit…194LC. Income by way of interest from Indian comp…194LD. Income by way of interest on certain bonds…194M. Payment of certain sums by certain individ…194N. Payment of certain amounts in cash 194P. Deduction of tax in case of specified seni…194Q. Deduction of tax at source on payment of c…194R. Deduction of tax on benefit or perquisite …194S. Payment on transfer of virtual digital ass…194T. Payments to partners of firms 195. Other sums.9 195A. Income payable “net of tax”.196. Interest or dividend or other sums payable…196A. Income in respect of units of non-resident…196B. Income from units.196C. Income from foreign currency bonds or shar…196D. Income of Foreign Institutional Investors …197. Certificate for deduction at lower rate.2 197A. No deduction to be made in certain cases.197B. Lower deduction in certain cases for a lim…198. Tax deductedis income received.199. Credit for tax deducted.200. Duty of person deducting tax.3 200A. Processing of statements of tax deducted a…201. Consequences of failure to deduct or pay.6 202. Deduction only one mode of recovery.203. Certificate for tax deducted.1 203A. Tax deduction and collection account numbe…203AA. Furnishing of statement of tax deducted.204. Meaning of“person responsible for paying”.205. Bar against direct demand on assessee.206. Persons deducting tax to furnish prescribe…206A. Furnishing of quarterlyreturn in respect o…206AA. Requirement to furnish Permanent Account N…206C. Profits and gains from the business of tra…5 206CA. Tax collection account number.206CB. Processing of statements of tax collected …206CC. Requirement to furnish Permanent Account n…207. Liability for payment of advance tax.1 208. Conditions of liability to pay advance tax…209. Computation of advance tax1 210. Payment of advance tax by the assessee of …4 211. Instalments of advance tax and due dates.214. Interest payable by Government.3 215. Interest payable by assessee.4 216. Interest payable by assessee in case of un…217. Interest payable by assessee when no estim…1 218. When assessee deemed to be in default.219. Credit for advance tax.1 220. When tax payable and when assessee deemed …12 221. Penalty payable when tax in default.1 222. Certificate to Tax Recovery Officer.4 223. Tax Recovery Officer by whom recovery is t…224. Validity of certificate and cancellation o…225. Stay of proceedings in pursuance of certif…226. Other modes of recovery.4 227. Recovery through State Government.228A. Recovery of tax in pursuance of agreements…229. Recovery of penalties, fine, interest and …230. Tax clearance certificate.4 231. Faceless collection and recovery of tax 232. Recovery by suit or under other law not af…1 234-I. Fee for furnishing revised return of incom…234A. Interest for defaults in furnishing return…2 234B. Interest for defaults in payment of advanc…3 234C. Interest for deferment of advance tax.234D. Interest on excess refund.234E. Fee for default in furnishing statements.234F. Fee for default in furnishing return of in…234G. Fee for default relating to statement or c…234H. Fee for default relating to intimation of …235. Relief to shareholders in respect of agric…236. Relief to company in respect of dividend p…236A. Relief to certain charitable institutions …237. Refunds.1 238. Person entitled to claim refund in certain…239. Formof claim for refund and limitation.1 239A. Refund for denying liability to deduct tax…240. Refund on appeal, etc.3 241A. Withholding of refund in certain cases.1 242. Correctness of assessment not to be questi…243. Interest on delayed refunds.244. Interest on refund where no claim is neede…2 244A. Interest on refunds.1 245. Set off of refunds against tax remaining p…5 245-I. Order of settlement to be conclusive 245-O. Authority for Advance Rulings 245-OA. Qualifications, terms and conditions of se…245-OB. Board for Advance Rulings 245A. Definitions.1 245AA. Interim Boards for Settlement 245B. Income-tax Settlement Commission.4 245BA. Jurisdiction and powers of Settlement Comm…1 245BB. Vice-Chairman to act as Chairman or to dis…245BC. Power of Chairman to transfer cases from o…245BD. Decision to be by majority.245C. Application for settlement of cases.3 245D. Procedure on receipt of an application und…5 245DD. Power of Settlement Commission to order pr…245E. Power of Settlement Commission to reopen c…245F. Powers and procedure of Settlement Commiss…1 245G. Inspection, etc., of reports.245H. Power of Settlement Commission to grant im…1 245HA. Abatement of proceeding before Settlement …245HAA. Credit for tax paid in case of abatement o…245J. Recovery of sums due under order of settle…245K. Bar on subsequent application for settleme…245L. Proceedings before Settlement Commission t…245M. Certain persons who have filed appeals to …3 245MA. Dispute Resolution Committee 245N. Definitions.1 245P. Vacancies, etc., not to invalidate proceed…245Q. Applicationfor advance ruling.1 245R. Procedure on receipt of application.2 245RR. Appellate authority not to proceed in cert…245S. Applicability of advance ruling.245T. Advance ruling to be void in certain circu…245U. Powers of the Authority 245V. Procedure of Authority.245W. Appeal 246. Appealable orders before Joint Commissione…4 246A. Appealable orders before Commissioner (App…1 248. Appeal by a person denying liability to de…1 249. Form of appeal and limitation 250. Procedure in appeal.1 251. Powers of the 1[*** Commissioner (Appeals)…5 252. Appellate Tribunal.2 252A. Qualifications, terms and conditions of se…253. Appeals to the Appellate Tribunal.1 254. Orders of Appellate Tribunal.12 255. Procedure of Appellate Tribunal.4 256. Statement of case to the High Court.124 257. Statement of case to Supreme Court in cert…16 258. Power of High Court or Supreme Court to re…1 259. Case before High Court to be heard by not …260. Decision of High Court or Supreme Court on…7 260A. Appeal to High Court.44 260B. Case before High Court to be heard by not …1 261. Appeal to Supreme Court.27 262. Hearing before Supreme Court.1 263. Revision of orders prejudicial to revenue.23 264. Revision of other orders5 264A. Faceless revision of orders 264B. Faceless effect of orders 265. Tax tobe paid notwithstanding reference, e…266. Execution for costs awarded by Supreme Cou…1 267. Amendment of assessment on appeal.268. Exclusion of time taken for copy.268A. Filing of appeal or application for refere…1 269. Definition of "High Court".5 269-I. Vesting of property in Central Government 269-O. Appearance by authorised representative or…269A. Definitions.269AB. Registration of certain transactions.269B. Competent authority 269C. Immovable property in respect of which pro…269D. Preliminary notice.269E. Objections.269F. Hearing of objections.269G. Appeal against order for acquisition.269H. Appeal to High Court.1 269J. Compensation.269K. Payment or deposit of compensation.269L. Assistance by Valuation Officers.269M. Powers of competent authority.269N. Rectification of mistakes.269P. Statement to be furnished in respect of tr…269Q. Chapter not to apply to transfers to relat…269R. Properties liable for acquisition under th…269RR. Chapter not to apply where transfer of imm…269S. Chapter not to extend to State of Jammu an…269SS. Mode of taking or accepting certain loans,…5 269ST. Mode of undertaking transactions.1 269SU. Acceptance of payment through prescribed e…269T. Mode of repayment of certain loans or depo…1 269TT. Mode of repayment of Special Bearer Bonds,…269U. Commencement of Chapter.269UA. Definitions.2 269UB. Appropriate authority.269UC. Restrictions on transfer of immovable prop…3 269UD. Order by appropriate authority for purchas…8 269UE. Vesting of property in Central Government.3 269UF. Consideration for purchase of immovable pr…269UG. Payment or deposit of consideration.269UH. Re-vesting of property in the transferor o…269UI. Powers of the appropriate authority.269UJ. Rectification of mistakes.269UK. Restrictions on revocation or alteration o…269UL. Restrictions on registration, etc., of doc…269UM. Immunity to transferor against claims of t…269UN. Order of appropriate authority to be final…269UO. Chapter not to apply to certain transfers.269UP. Chapter not to apply where transfer of imm…270A. Penalty for under-reporting and misreporti…1 270AA. Immunity from imposition of penalty, etc.271. Failure to furnish returns, comply with no…34 271-I. Penalty for failure to furnish information…271A. Failure to keep, maintain or retain books …1 271AA. Penalty for failure to keep and maintain i…271AAA. Penalty where search has been initiated.1 271AAB. Penalty where search has been initiated.271AAC. Penalty in respect of certain income.271AAD. Penalty for false entry, etc., in books of…271AAE. Benefits to related persons 271B. Failure to get accounts audited.271BA. Penalty for failure to furnish report unde…271BB. Failure to subscribe to the eligible issue…271C. Penalty for failure to deduct tax at sourc…6 271CA. Penalty for failure to collect tax at sour…271D. Penalty for failure to comply with the pro…2 271DA. Penalty for failure to comply with provisi…271DB. Penalty for failure to comply with provisi…271E. Penalty for failure to comply with the pro…271F. Penalty for failure to furnish return of i…1 271FA. Penalty for failure to furnish 4[statement…271FAA. Penalty for furnishing inaccurate statemen…271FAB. Penalty for failure to furnish statement o…271FB. Penalty for failure to furnish return of f…271G. Penalty for failure to furnish information…271GA. Penalty for failure to furnish information…271GB. Penalty for failure to furnish report or f…271GC. Penalty for failure to submit statement un…271H. Penalty for failure to furnish statements,…271J. Penalty for furnishing incorrect informati…271K. Penalty for failure to furnish statements,…272A. Penalty for failure to answer questions, s…272AA. Penalty for failure to comply with the pro…272B. Penalty for failure to comply with the pro…272BB. Penalty for failure to comply with the pro…272BBB. Penalty for failure to comply with the pro…273. False estimate of, or failure to pay, adva…1 273A. Power to reduce or waive penalty, etc., in…2 273AA. Power of 4[Principal Commissioner or Commi…273B. Penalty not to be imposed in certain cases…1 274. Procedure.8 275. Bar of limitation for imposing penalties.275A. Contravention of order made under sub-sect…1 275B. Failure to comply with the provisions of c…276. Removal, concealment, transfer or delivery…2 276A. Failure to comply with the provisions of s…276AB. Failure to comply with the provisions of s…276B. Failure to pay tax to credit of Central Go…2 276BB. Failure to pay the tax collected at source…276C. Wilful attempt to evade tax, etc.13 276CC. Failure to furnish returns of income.4 276CCC. Failure to furnish return of income in sea…276D. Failure to produce accounts and documents.277. False statement in verification, etc.6 277A. Falsification of books of account or docum…278. Abetment of false return, etc.1 278A. Punishment for second and subsequent offen…278AA. Punishment not to be imposed in certain ca…278AB. Power of 6[Principal Commissioner or Commi…278B. Offences by companies.6 278C. Offences by Hindu undivided families.278D. Presumption as to assets, books of account…278E. Presumption as to culpable mental state.1 279. Prosecution to be at instance of 2[ 3[Prin…11 279A. Certain offences to be non-cognizable.279B. Proof of entries in records or documents.280. Disclosure of particulars by public servan…4 280A. Special Courts.1 280B. Offences triable by Special Court.280C. Trial of offences as summons case.280D. Application of Code of Criminal Procedure,…3 281. Certain transfers to be void.2 281B. Provisional attachment to protect revenue …2 282. Service of notice generally.1 282A. Authentication of notices and other docume…283. Service of notice when family is disrupted…284. Service of notice in the case of discontin…285. Submission of statement by a non-resident …285A. Furnishing of information or documents by …285B. Submission of statements by producers of c…285BA. Obligation to furnish statement of financi…285BAA. Obligation to furnish information on trans…285BB. Annual information statement 286. Furnishing of report in respect of interna…1 287. Publication of information respecting asse…287A. Appearance by registered valuer in certain…288. Appearance by authorised representative.4 288A. Rounding off of income.288B. Rounding off amount payable and refund due…289. Receipt to be given.290. Indemnity.291. Power to tender immunity from prosecution.2 292. Cognizance of offences.292A. Section 360 of the Code of Criminal Proced…292B. Return of income, etc., not to be invalid …1 292BA. Assessments not to be invalid on certain g…292BB. Notice deemed to be valid in certain circu…292BC. Circumstances in which approvals by income…292C. Presumption as to assets, books of account…292CC. Authorisation and assessment in case of se…293. Bar of suits in civil courts.4 293A. Power to make exemption, etc., in relation…2 293B. Power of Central Government or Board to co…293C. Power to withdraw approval.293D. Faceless approval or registration 294. Act to have effect pending legislative pro…294A. Power to make exemption, etc., in relation…295. Power to make rules.3 296. Rules and certain notifications to be plac…297. Repeals and savings.8 298. Power to remove difficulties.1

Income-tax Act View entire act

39. Managing agency commission.

0 judgments cite this provision SC

Omitted by the Direct Tax Laws (Amendment) Act, 1987 (4 of 1988), s. 12, (w.e.f. 1-4-1989).

LawDistill · 42,407 Supreme Court judgments · 44,381 provisions · 28 Acts