Explanatory Notes to the Provisions of the Finance (No. 2) Act, 2009 – Corrigendum to Circular No. 5/2010, dated 3-6-2010
CORRIGENDUM NO. 5/2010 [F.NO.142/13/2010-SO(TPL)], DATED 30-9-2010
In partial modification of Circular No. 5 of 2010, dated June 3, 2010, (i) in para 37.5 (page 333) of the said Circular, for the lines
“The above amendment has been made applicable with effect from 1st April, 2009 and will accordingly apply in respect of assessment year 2009-10 and subsequent years.”
the following lines shall be read
“The above amendment has been made applicable with effect from 1st October, 2009 and shall accordingly apply in relation to all cases in which proceedings are pending before the Transfer Pricing Officer (TPO) on or after such date.”
(ii) in para 38.3 (page 333), for the date “1st October, 2009”, the following date shall be read “1st April, 2009”.