Notification No.206 – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act 1961 (43 of 1961), the Central Board of Direct Taxes, hereby directs that Chief Commissioners of Income-tax specified in column (2) of the Schedule II shall exercise all the powers and perform all the functions under the Income-tax Act 1961 for the period beginning on or after 1st July, 2003, in respect of persons who made applications for permanent account
The principal notification No.55/2003-Customs dated the 1st April, 2003 was published in the Gazette of India, (Extraordinary) vide GSR No.279 (E), dated the 1st April, 2003 and last amended by Notification No.97/2003-Customs dated, the 25th June, 2003 vide GSR No. 515(E), dated the 25th June, 2003.
This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with Section 10 of the Securities Contracts (Regulation) Act 1956,
Stock Exchanges are directed to implement the above requirement with immediate effect and take necessary disciplinary action wherever such facility is being misused by any member.
