Circular of the Department of Revenue dated 12th November, 1973 on section 4 of the Taxation Laws (Continuation and Validation of Recovery Proceedings) Act, 1964 [C10-DSF]

F. No. 31/2/1973-DEPA

Government of India

Ministry of Finance

Department of Revenue

New Delhi, dated the 12th November, 1973

To

All Assessings Officer and Assessings Officer

Subject: Section 4 of the Taxation Laws (Continuation and Validation of Recovery Proceedings) Act, 1964 (11 of 1964), the management of a company, regarding.

1. References have been received in the Department of Revenue seeking clarification on the manner in which section 4 of the Taxation Laws (Continuation and Validation of Recovery Proceedings) Act, 1964 (11 of 1964) (hereinafter referred to as the Act) is to be applied to principals officer who undertake the management of a company at more than one place.

2. The matter has been examined. Section 4 of the Act requires every principal officer to make an application to the Board within the period stated in that section.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the management of a company is undertaken, and the Board shall process each application in accordance with section 4 of the Act and the rules made thereunder.

4. Difficulties, if any, in the implementation of this circular may be brought to the notice of the Department of Revenue.

(Under Secretary to the Government of India)