notification no. 86/2016 f.no.142/13/2015 tpl / so 3075 e section 145 of the income tax act 1961 method of accounting income computation and disclosure standards icds notified under section 145 2 rescission of notification no. so 892 e dated 31 3 2015

[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) Notification New Delhi 29th September, 2016 S.O. 3078(E). — In exercise of the powers conferred by sub-section (2) of section 145 of the Income-tax Act, 1961(43 of 1961), the Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance, Department of Revenue, published in the Gazette of India, Part-II, Section 3, Sub-section (ii), vide notification number S.O. 892(E) dated the 31st March, 2015, except as respects things done or omitted to be done before such rescission. [Notification No. 86/2016/F.No.133/23/2015-TPL] (PITAMBAR DAS) DIRECTOR (TAX POLICY AND LEGISLATION)