Notification No     :     54
Section(s) Referred   :    s. 120
Date of Issue        :     18/3/2003
Notification No. 54 of 2003, dt. 18th March, 2003
In exercise of the powers conferred under sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961, (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendments in the notification of the Government of India, Ministry of Finance, (Department of Revenue), Central Board of Direct Taxes, bearing S.O. No. 882(E) dated 14th September, 2001 and published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii) dated 14th September, 2001, namely:
In the said notification-
(i) at page 15, in lines 26 to 30, for the words “persons being companies registered under the Companies Act, 1956, and having registered office in the area mentioned in column (4).”, the words “persons being companies as defined under clauses (17) (18), (22A), (23A), (26) and (36A) of section 2 of Income-tax Act, 1961 and having registered office or principal place of business in the area mentioned in column (4).”, shall be substituted;
(ii) at page 15, in lines 43 to 47 for the words “persons being companies registered under the Companies Act, 1956, and having registered office in the area mentioned in column (4).”, the words “persons being companies as defined under clauses (17), (18), (22A), (23A), (26) and (36A) of section 2 of the Income-tax Act, 1961 and having registered office or principal place of business in the area mentioned in column (4). “, shall be substituted;
(iii) at page 16, in lines 11 to 15, for the words “person being companies registered under the Companies Act, 1956, and having registered office in the area mentioned in column (4).”, the words “persons being companies as defined under clauses (17), (18), (22A), (23A), (26) and (36A) of section 2 of the Income-tax Act, 1961 and having registered office or principal place of business in the area mentioned in column (4). “, shall be substituted;
(iv) at page 16, in lines 28 to 32, for the words “persons being companies registered under the Companies Act,
1956, and having registered office in the area mentioned in column (4).”, the words “persons being companies as defined under clauses (17), (18), (22A), (23A), (26) and (36A) of section 2 of the Income-tax Act, 1961 and having registered office or principal place of business in the area mentioned in column (4). “, shall be substituted.
2. This notification shall take effect on and from the date of its publication in the Official Gazette.
[F.No. 187/1/2003-ITA-I]

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