Notification No. 179/2004-Income Tax Dated 29/6/2004

Notification No. 179 of 2004, dt. 29th June, 2004

S.O.742(E). – In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to seventy-five per cent. of the average rise in the Consumer Price Index for the Financial Year commencing from the 1 st day of April, 2003 and ending on the 31 st day of March, 2004 for the urban non-manual employees, hereby specifies the Cost Inflation Index for the Financial Year commencing from the 1 st day of April, 2004 and ending on the 31 st day of March, 2005 and for that purpose further makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes number S.O.709(E), dated the 20 th August, 1998, namely:-

In the said notification, in the Table, after serial number 23 and the entries relating thereto, the following serial number and entries shall be inserted, namely:-

Note: The principal notification was amended from time to time and lastly amended vide S.O.844(E), dated the 24thJuly, 2003, published in Gazette of India, Part II, section 3(ii).

Cost Inflation Index

F.No. 142/11/2004-TPL