Notification No : 154
Date of Issue : 19/6/2002
Section(s) Referred : s. 48 Expl. (v)
Notification No. S.O. 647(E), dated 19th June, 2002.
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 average rise in the Consumer Price Index for the financial year commencing on the 1st day of April, 2001 and ending on the 31st day of March, 2002 for the urban non-manual employees, hereby specifies the Cost Inflation Index for the financial year commencing on the 1st day of April, 2002 and ending on the 31st day of March, 2003 and 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 20th August, 1998, namely:–
In the said notification, in the Table, after serial number 21 and the entries relating thereto, the following serial number and entries shall be inserted, namely:–
S.No Financial year Cost Inflat on Index
1. 2. 3.
“22 2002-2003 447.”.
[Notification No. 154/2002/F.No. 142/26/2002-TPL]