[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION
3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
New Delhi, the 27th November, 2013
S.O.3513 (E).─ In exercise of the powers conferred by clause (iii) of the Explanation 2 of clause (e) of the proviso to clause (5) of section 43 of the
Income-tax Act, 1961 (43 of 1961) read with sub-rule (4) of rule 6DDD of the
Income-tax Rules, 1962, the Central Government hereby notifies the National Commodity and Derivatives Exchange Limited, Mumbai as a recognised association for the purposes of clause (e) of the proviso to clause (5) of the said section, with effect from the date of publication of this notification in the Official Gazette
2. The Central Government may withdraw the recognition of National Commodity and Derivatives Exchange Limited, Mumbai if any of the conditions specified in rule 6DDC of the Income –tax Rules, 1962, is violated.
3. This notification shall remain in force until the approval granted by the Forward Markets Commission is withdrawn or expires, or the notification is rescinded by the Central Government under sub-rule (5) of rule 6DDD of the Income-tax Rules, 1962.
[Notification No.90/2013] [F. No. 142/31/2013-TPL (Pt.-I)]
Under Secretary to the Govt. of India