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Notification No. S. O. 824(E)-Income Tax In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specified bonds to be issued within a period of one year from the date of publication of this notification in the Official Gazette of an amount not exceeding Rs. 35 crores by M/s. Weizmann Limited, a public company
In view of this, you are advised that quarterly disclosure standards and the report of the committee apply only to body corporates and companies and as a Mutual Fund is a trust and not a company, the referred circular providing for quarterly results will not be applicable to a Mutual Fund.
