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Notification: S.O.25(E)
Section(s) Referred: 120 ,120(1)
Statute: INCOME TAX
Date of Issue: 11/1/1996
In exercise of the powers conferred by sub-sections (1) and (3) of section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby directs that the Directors of Income-tax (Exemption) specified in column 2 of the schedule hereto annexed, having their headquarters at the places specified in the corresponding entries in column 3 of the said schedule, shall exercise their powers and perform their functions, under clause (23F) of section 10 of the Income-tax Act, 1961, and in accordance with rule 2D of the Income-tax Rules, 1962, made thereunder in respect of all venture capital funds and venture capital companies having their registered office or head office, as the case may be, at the places specified in the corresponding entries in column 4 of the said Schedule
SCHEDULE ——- Sl. Designation of the Headquarters Jurisdiction No. Director ——- (1) (2) (3) (4) ——- 1. Director of Income-tax Bombay All venture capital funds and (Exemptions) venture capital companies seeking approval under clause (23F) of section 10 of Income-tax Act, 1961 (43 of 1961), and having their regis- tered office or head office in the State or Union Territory of– (i) Maharashtra, (ii) Gujarat, (iii) Goa, and (iv) Daman and Diu.
2. Director of Income-tax Delhi All venture capital funds and (Exemptions) venture capital companies seeking approval under clause (23F) of section 10 of Income-tax Act, 1961 (43 of 1961), and having their regis- tered office or head office in the State or Union Territory of– (i) Delhi, (ii) Punjab, (iii) Haryana, (iv) Chandigarh, (v) Jammu and Kashmir. (vi) Himachal Pradesh, (vii) Rajasthan, (viii) Madhya Pradesh, and (ix) Uttar Pradesh.
3. Director of Income-tax Calcutta All venture capital funds and (Exemptions) venture capital companies seeking approval under clause (23F) of section 10 of Income-tax Act, 1961 (43 of 1961), and having their regis- tered office or head office in the State or Union Territory of– (i) Bihar, (ii) West Bengal, (iii) Orissa, (iv) Assam, (v) Sikkim, (vi) Meghalaya, (vii) Tripura, (viii) Arunachal Pradesh, (ix) Mizoram, (x) Nagaland, and (xi) Manipur.
4. Director of Income-tax Madras All venture capital funds and (Exemptions) venture capital companies seeking approval under clause (23F) of section 10 of Income-tax Act, 1961 (43 of 1961), and having their regis- tered office or head office in the State or Union Territory of– (i) Andhra Pradesh (ii) Karnataka, (iii) Tamil Nadu, (iv) Kerala, (v) Pondicherry, (vi) Dadra and Nagar Haveli,
(vii) Andaman and Nicobar Islands, and (viii) Lakshadweep. ——-
[Notification No. 9938/F. No. 187/5/95-ITA-I
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