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Notification No.58/2005 – Income Tax In exercise of the powers conferred by section 295 read with sub-section (11B) of section 80-IB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely
Monthly Development Report being submitted by the subsidiary company floated by the stock exchange may be discontinued from January 2005 and stock exchanges are advised to obtain exceptional report from the subsidiary company and report to SEBI, if necessary, about the important developments.
