Article 264 of Constitution of India "Interpretation"
In this Part, "Finance Commission" means a Finance Commission constituted under Article 280.
Article 265 of Constitution of India "Taxes not to be imposed save by authority of law"
No tax shall be levied or collected except by authority of law.
Article 266 of Constitution of India "Consolidated
Funds and public accounts of India and of the States"
(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
entitled to the public account of India or the public
account of the State, as the case may be.
(3) No moneys out of the Consolidated Fund of India or the
Consolidated Fund of a State shall be appropriated except in
accordance with law and for the purposes and in the manner
provided in this Constitution.