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The Central Board of Direct Taxes issues the Income-tax Amendment Twenty-Eighth Amendment Rules, 2023. These rules amend rule 17C of the Income-tax Rules, 1962. The rules add the acquisition of units of POWERGRID Infrastructure Investment Trust as an approved form and mode of investment. The rules come into force on the date of publication in the Official Gazette.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th December, 2023
G.S.R. 898(E).—In exercise of the powers conferred by clause (xii) of sub-section (5) of section 11 read with section 295 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:─
(2) They shall come into force on the date of their publication in the Official Gazette.
“(x) investment by way of acquiring units of POWERGRID Infrastructure Investment Trust.”.
[Notification No. 103/2023/ F. No. 370142/44/2023-TPL]
SOURABH JAIN, Under Secy.
Note:-Principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification number S.O. 969(E), dated the 26th March, 1962 and was last amended vide notification number G.S.R. 813(E), dated 31st October, 2023.
