2470 THE GAZETTE OF INDIA EXTRAORDINARY, NOV. 26, 1949
PART XII
FINANCE, PROPERTY, CONTRACTS AND SUITS
Chapter I.—Finance
General
264. In this Part, unless the context otherwise requires,—
(a) "Finance Commission" means a Finance Commission constituted under article 280;
(b) "State" does not include a State specified in Part C of the First Schedule;
(c) references to States specified in Part C of the First Schedule shall include references to any territory specified in Part D of the First Schedule and any other territory comprised within the territory of India but not specified in that Schedule.
265. No tax shall be levied or collected except by authority of law.
266. (1) Subject to the provisions of article 267 and to the provisions of this Chapter with respect to the assignment of the whole or part of the net proceeds of certain taxes and duties to States, all revenues received by the Government of India, all loans raised by that Government by the issue of treasury bills, loans or ways and means advances and all moneys received by that Government in repayment of loans shall form one consolidated fund to be entitled "the Consolidated Fund of India", and all revenues received by the Government of a State, all loans raised by that Government by the issue of treasury bills, loans or ways and means advances and all moneys received by that Government in repayment of loans shall form one consolidated fund to be entitled "the Consolidated Fund of the State".
(2) All other public moneys received by or on behalf of the Government of India or the Government of a State shall be credited to the public account of
Interpretation.
Taxes not to be imposed save by authority of law.
Consolidated Funds and public accounts of India and of the States.
