THE CENTRAL BOARDS OF REVENUE ACT, 1963

NO.54 OF 1963
[30th December, 1963]
An Act to provided to provide for the contit!tion of ep"r"te #o"rd of $even!e for Direct %"&e
"nd for '&cie "nd (!tom "nd to "mend cert"in en"ctment for the p!rpoe of conferrin)
po*er "nd impoin) d!tie on the "id #o"rd.
#' it en"cted b+ ,"r-i"ment in the Fo!rteenth .e"r of the $ep!b-ic of /ndi" " fo--o*01
1.2hort tit-e "nd commencement.1 314 %hi Act m"+ be c"--ed the (entr"- #o"rd of $even!e Act,
1963.
354 it h"-- come into force on !ch d"te 6111119647 vide Notific"tion No.2.O.3606, d"ted 301151
1964, 8"9ette of /ndi", '&tr"ordin"r+ ,t.//.2ec.33ii4, p.:9;.< " the (entr"- 8overnment m"+, b+
notific"tion in the Offici"- 8"9ette, "ppoint.
5.Definition.1 /n thi Act, !n-e the conte&t other*ie re=!ire,1
3"4 >#o"rd> me"n the (entr"- #o"rd of Direct %"&e or the (entr"- #o"rd of '&cie "nd (!tom
contit!ted !nder ection 37
3b4 >(entr"- #o"rd of $even!e> me"n the (entr"- #o"rd of $even!e contit!ted !nder the
(entr"- #o"rd of $even!e Act, 1954 34 of 1954.47
3c4 >direct t"&> me"n1
314 "n+ d!t+ -evi"b-e or t"& ch"r)e"b-e !nder1
3i4 the 't"te D!t+ Act, 1953 334 of 1953.47
3ii4 the ?e"-th1t"& Act, 195; 35; of 195;.47
3iii4 the '&pendit!re1t"& Act, 195; 359 of 195;.47
3iv4 the 8ift1t"& Act, 195: 31: of 195:.47
3v4 the /ncome1t"& Act, 1961 343 of 1961.47
3vi4 the 2!per ,rofit %"& Act, 1963 314 of 1963.47 "nd
354 "n+ other d!t+ or t"& *hich, h"vin) re)"rd to it n"t!re or incidence, m"+ be dec-"red b+ the
(entr"- 8overnment, b+ notific"tion in the Offici"- 8"9ette, to be " direct t"&.
3.(ontit!tion of ep"r"te (entr"- #o"rd for Direct %"&e "nd for '&cie "nd (!tom.1 314 %he
(entr"- 8overnment h"--, in p-"ce of the (entr"- #o"rd of $even!e, contit!te t*o ep"r"te
#o"rd of $even!e to be c"--ed the (entr"- #o"rd of direct %"&e "nd the (entr"- #o"rd of '&cie
"nd (!tom, "nd e"ch !ch #o"rd h"--, !b@ect to the contro- of the (entr"- 8overnment,
e&ercie !ch po*er "nd perform !ch d!tie, " m"+ be entr!ted to th"t #o"rd b+ the (entr"-
8overnment or b+ or !nder "n+ -"*.
354 '"ch #o"rd h"-- conit of !ch n!mber of peron not e&ceedin) five " the (entr"-
8overnment m"+ thinA fit to "ppoint.
4.,roced!re of the #o"rd.1 314 %he (entr"- 8overnment m"+ m"Ae r!-e for the p!rpoe of
re)!-"tin) the tr"n"ction of b!ine b+ e"ch #o"rd "nd ever+ order m"de or "ct done in
"ccord"nce *ith !ch r!-e h"-- be deemed to be the order or "ct, " the c"e m"+ be, of the
#o"rd.
354 'ver+ r!-e m"de !nder thi ection h"-- be -"id " oon " m"+ be "fter it i m"de before
e"ch Bo!e of ,"r-i"ment *hi-e it i in eion for " tot"- period of thirt+ d"+ *hich m"+ be
compried in one eion or in t*o !cceive eion, "nd if, before the e&pir+ of the eion in
*hich it i o -"id or the eion immedi"te-+ fo--o*in), both Bo!e ")ree in m"Ain) "n+
modific"tion in the r!-e or both Bo!e ")ree th"t the r!-e ho!-d not be m"de, the r!-e h"--
there"fter h"ve effect on-+ in !ch modified form or be of no effect, " the c"e m"+ be, o
ho*ever, th"t "n+ modific"tion or "nn!-ment h"-- be *itho!t pre@!dice to the v"-idit+ of "n+thin)
previo!-+ done !nder th"t r!-e.
5.Amendment of cert"in en"ctment.1 314 /n the 't"te D!t+ Act, 1953, 334 of 19534 the ?e"-th1
t"& Act, 195;, 35; of 195;.4 the '&pendit!re1t"& Act, 195;, 359 of 195;.4 the 8ift1t"& Act, 195:,
31: of 195:.4 the /ncome1t"& Act 1961 343 of 1961.4 "nd the 2!per ,rofit %"& Act, 1963, 314 of
1963.4 for the *ord "nd fi)!re C(entr"- #o"rd of $even!e contit!ted !nder the (entr"- #o"rd
of $even!e Act 1954> 34 of 1954.4 or >(entr"- #o"rd of $even!e>, *herever the+ occ!r, the
*ord "nd fi)!re >(entr"- #o"rd of Direct %"&e contit!ted !nder the (entr"- #o"rd of
$even!e Act, 1963> h"-- be !btit!ted.
354 /n the (entr"- '&cie "nd 2"-t Act, 1944, 31 of 1944.4 "nd the (!tom Act, 1965, 355 of
19654 for the *ord "nd fi)!re >(entr"- #o"rd of $even!e contit!ted !nder the (entr"- #o"rd of
$even!e Act, 1954>, 34 of 1954.4 or >(entr"- #o"rd of $even!e> *herever the+ occ!r, the *ord
"nd fi)!re >(entr"- #o"rd of '&cie "nd (!tom contit!ted !nder the (entr"- #o"rd of
$even!e Act, 1963> h"-- be !btit!ted.
334 %he f!nction entr!ted to the (entr"- #o"rd of $even!e b+ or !nder "n+ other en"ctment
h"--,1
3"4 if !ch f!nction re-"te to m"tter connected *ith direct t"&e, be dich"r)ed b+ the (entr"-
#o"rd of Direct %"&e7 "nd
3b4 if !ch f!nction re-"te to "n+ other m"tter, !n-e the+ "re entr!ted b+ the (entr"-
8overnment to the (entr"- #o"rd of Direct %"&e, be dich"r)ed b+ the (entr"- #o"rd of '&cie
"nd (!tom.
6.%r"nfer of cert"in proceedin).1 314 'ver+ proceedin) pendin) "t the commencement of thi
Act, before the (entr"- #o"rd of $even!e h"--1
3"4 if it i " proceedin) re-"tin) to direct t"&e, t"nd tr"nferred to the (entr"- #o"rd of Direct
%"&e7 "nd
3b4 in "n+ other c"e, t"nd tr"nferred to the (entr"- #o"rd of '&cie "nd (!tom.
354 /f "n+ =!etion "rie " to *hether "n+ proceedin) t"nd tr"nferred to the (entr"- #o"rd of
Direct %"&e or to the (entr"- #o"rd of '&cie "nd (!tom, it h"-- be referred to the (entr"-
8overnment *hoe deciion thereon h"-- be fin"-.
334 /n "n+ -e)"- proceedin) pendin) "t the commencement of thi Act to *hich the (entr"- #o"rd
of $even!e i " p"rt+,1
3"4 if it i " proceedin) re-"tin) to direct t"&e, the (entr"- #o"rd of Direct %"&e h"-- be deemed
to be !btit!ted for the (entr"- #o"rd of $even!e in !ch proceedin)7 "nd
3b4 if it i " proceedin) re-"tin) to "n+ other m"tter, the (entr"- #o"rd of '&cie "nd (!tom
h"-- be deemed to be !btit!ted for the (entr"- #o"rd of $even!e in !ch proceedin).
;.,o*er to remove diffic!-tie.1 314 /f "n+ diffic!-t+ "rie in )ivin) effect to the proviion of thi
Act, the (entr"- 8overnment m"+, b+ order p!b-ihed in the Offici"- 8"9ette, m"Ae !ch
proviion not inconitent *ith the p!rpoe of thi Act, " "ppe"r to it to be nece"r+ or
e&pedient for removin) the diffic!-t+.
354 An order !nder !b1ection 314 m"+ be m"de o " to h"ve retropective effect from " d"te
not e"r-ier th"n the d"te of the commencement of thi Act.
:.$epe"- "nd "vin).1 314 %he (entr"- #o"rd of $even!e Act, 1954, i hereb+ repe"-ed.
34 of 1954.4
354 Nothin) cont"ined in !b1ection 314 h"-- "ffect "n+ "ppointment, "ement, order
3/nc-!din) =!"i1@!dici"- order4 or r!-e m"de, or e&emption, "pprov"- or reco)nition )r"nted, or
"n+ notice, notific"tion, direction or intr!ction i!ed, or "n+ d!t+ -evied, or pen"-t+ or fine
impoed, or confic"tion "d@!d)ed, or "n+ form precribed, or "n+ other thin) done or "ction
t"Aen b+ the (entr"- #o"rd, of $even!e !nder "n+ -"* "nd "n+ !ch "ppointment, "ement,
order, r!-e, e&emption, "pprov"-, reco)nition, notice, notific"tion, direction, intr!ction, d!t+,
pen"-t+ fine, confic"tion, form, thin) or "ction h"-- be deemed to h"ve been m"de, )r"nted,
i!ed, -evied, impoed, "d@!d)ed, precribed, done or t"Aen b+ the (entr"- #o"rd of Direct
%"&e, or " the c"e m"+ be, b+ the (entr"- #o"rd of '&cie "nd (!tom "nd h"-- contin!e to
be in force !n-e "nd !nti- it i revied, *ithdr"*n or !pereded b+ the concerned #o"rd.