Notification No. 197/2007 – Income Tax Dated 30/5/2007

INCOME-TAX (SEVENTH AMENDMENT) RULES, 2007 – AMENDMENTS IN RULE 17A AND FORM NO. 10A

NOTIFICATION NO. 197/2007 [F.NO. 142/7/2007-TPL], DATED 30-5-2007

In exercise of the powers conferred by section 295, read with section 12A 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:—

1. (1) These rules may be called the Income-tax (Seventh Amendment) Rules, 2007.

(2) They shall come into force from the 1st day of June, 2007.

2. In the Income-tax Rules, 1962,—

 (1)  in rule 17A,—

  (i)  for the word, brackets and letter “clause (a)”, the words, brackets, letters and figure “clause (aa) of sub-section (1)” shall be substituted;

 (ii)  in clause (a), in the proviso, the words “Chief Commissioner

        or” shall be omitted.

 (2)  in Appendix II, in Form No. 10A,—

  (i)  in the heading occurring below Form No. 10A, for the word, figures, letters and brackets “section 12A(a)”, the words, brackets, letters and figures “clause (aa) of sub-section (1) of section 12A” shall be substituted;

 (ii)  the words “Chief Commissioner or” shall be omitted