That the said Association will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
Circular No. 470-Income Tax Intimations have been received regarding the Legislatures of the States of Andhra Pradesh, Karnataka and Manipur having passed resolutions under article 252 of the Constitution adopting the proposals with respect to the amendments made to the Estate Duty Act, 1953 by the Estate Duty (Amendment) Act, 1984. A reference is invited in this respect to the provisions of section 5A(2C)(b).
