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n this regard it has been clarified by the RBI that the participation of the OCBs in the above mentioned scheme is being considered by the Government and that it has been decided that the two way fungibility scheme can be kept on hold for OCBs for the time being till a full review is made.
It is clarified that while considering this aspect, the Board may consider grant of certificate to an applicant, notwithstanding that another entity in the same group has been previously granted registration by the Board,
The above amounts have to be transferred to the Fund when they have remained unclaimed or unpaid for a period of seven years from the date they became due for payment.
Notification No. 273-Income Tax In exercise of the powers conferred by the sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961.), the Central Government, hereby notifies the “Shri Satyabhamaji Mandir Trust, Bet” for the purpose of the said sub-clause for the assessment years 1993-94 to 1995-96 subject to the following conditions
Notification No. 276-Income Tax In exercise of the powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Jawaharlal Nehru Memorial Fund, New Delhi” for the purpose of the said sub-clause for the assessment years 2002-2003 to 2004-2005 subject
Notification No. 279-Income Tax It is notified for general information that enterprise, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003-2004 and 2004-2005.
Notification No. 274-Income Tax In exercise of the powers conferred by the sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Foundation for Universal Responsibility of His Holiness The Dalai Lama, New Delhi” for the purpose of the said sub-clause for the assessment years 1991-92 to 1992-93
Notification No. 278-Income Tax In exercise of the powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Khelaghar, Palm Avenue, Kolkata” for the purpose of the said sub-clause for the assessment years 2002-2003 to 2004-2005 subject to the following conditions
Circular No. 663/54/2002-CX I am directed to refer to the present procedure of Accountal of Petroleum Products movements through pipelines without payment of duty governed by instructions of Board vide letter 20/1/66-CX III dated 12.5.66 as amended by letter F.No. 11A/14/70-CX8 dated 7.6.71. As per these instructions, the consignment wise ARE-3 is generated at the refinery end and the re conciliation is carried out annually. At the end of the year, the quantities of ‘line fill’ and ‘intermix’ are determined
Notification No. 275-Income Tax In exercise of the powers conferred by the sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Veerayatan, Rajgir, Bihar” for the purpose of the said sub clause for the assessment years 1999-2000 to 2001-2002 subject to the following conditions
