Indian Income-Tax Act, 1922

CHAPTER X

MISCELLANEOUS

59. Power to make rules.—(1) The [Central Board of Revenue] may, subject to the control of the [Central Government], make rules for carrying out the purposes of this Act and for the ascertainment and determination of any class of income. Such rules may be made for the whole of [the taxable territories] or for such part thereof as may be specified.

(2) Without prejudice to the generality of the foregoing power, such rules may—

(a) prescribe the manner in which, and the procedure by which, the income, profits and gains shall be arrived at in the case of—

(i) incomes derived in part from agriculture and in part from business;

* * * * *

[(ii)] persons residing out of [the taxable territories];

[(aa) provide for the determination of the value of any perquisite chargeable to tax under this Act in such manner and on such basis as appears to the Central Board of Revenue to be proper and reasonable:

Provided that the rules made in respect of the matters specified in this clause on the first occasion they are made shall not be subject to the condition of previous publication and may be given retrospective effect from such date as the Central Board of Revenue thinks fit;]

(b) prescribe the procedure to be followed on applications for refunds;

[(c) prescribe the procedure for giving effect to the terms of any agreement [for the granting of relief in respect of double taxation or for the avoidance of double taxation which may be entered into by the Central Government under this Act];

(d) * * * * *]

(e) provide for any matter which by this Act is to be prescribed.

[(3) In cases coming under clause (a) of sub-section (2), where the income, profits and gains liable to tax canno .... To read the full section download the app from Google Play store