Income-tax (Ninteenth Amendment) rules, 1999 - S.O. 447(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 10963 New Delhi, the 16th June, 1999 INCOME-TAX S. O. 447 (E). -In exercise of powers conferred by section 295 , read with sub-section (7) of section 80-IB 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 :- 1. (1) These rules may be called the Income-tax (Ninteenth Amendment) rules, 1999. (2) They shall come into force on the 1 st day of April, 2000. 2. In the Income-tax Rules, 1962 , for rule 18 BBC , the following rule shall be substituted, namely :- 18 BBC. Prescribed authority for approval of hotels located in certain areas. - (1) For the purposes of sub-clause (iii) of clause (c) of sub-section (7) of section 80-IB the prescribed authority.- (a) in relation to hotels located in an area or place referred to in clause (a) of that sub-section, shall be the Director General (income-tax Exemptions) who shall grant approval on the concurrence of the Director General in the Directorate General of Tourism, Government of India; (b) in relation to hotels located in any place referred to in clause (b) of that sub-section, shall be the Director General in the Directorate General of Tourism, Government of India. (2) For the purpose of clause (a) of sub-section (7) of section 80-IB , a hotel shall be approved by the prescribed authority if the following conditions are fulfilled, namely :- (a) such hotel is located in an area or place specified under clause (a) of the said sub-section (7); (b) there are not more than 300 hotel rooms of 3-star category and above in the aggregate, in areas or places specified under clause (a) of the said sub-section (7) within the jurisdiction of the revenue sub-division in which the hotel is located; (c) in case the hotel is located in a place where there is need for development of infrastructure for tourism, such place has been specified by the Central Government under clause (a) of the said sub-section (7) on the recommendations of the Department of Tourism. . [F. No. 142/17/99-TPL] SUNITI SRIVASTAVA, Under Secy.