That the said Institute will apply to Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, 3 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.
Notification No. S.O.279(E)-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “7-year 13% Secured Redeemable Non-Convertible Bonds (2nd Issue)”, issued by the Mahanagar Telephone Nigam Limited, New Delhi, for the purpose of the said clause