CBDT amended Section 138 with effect from 23.05.2003

Posted Date : 22-Feb-2017 , 08:38:50 am | Posted By CASANSAAR print

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S.0 (E).-In exercise of the powers conferred by sub-section (2) of section 138 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to all the relevant factors, hereby makes the following amendment in the notification of Government of India in the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) published in the Gazette of India, Part II, Section 3, Sub-section(ii) vide number S.O. 576(E), dated the 23rd of May, 2003, namely:-

In the said notification, in the proviso, in clause (ii), for the words and figures, “the notifications issued under section 138 from time to time”, the words, brackets and figures, “provisions of sub-section (1) of section 138 of the Act” shall be substituted and shall be deemed to have been substituted with effect from 23rd May, 2003.

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