Amendment in Cost Inflation Index for 2001-02 u/s 48 - S.0.510(E) - Income Tax

Amendment in Cost Inflation Index for 2001-02 u/s 48 NOTIFICATION NO. S.0.510(E) DATED 11-6-2001 In exercise of the powers conferred by clause ( v ).of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to seventy-five per cent. of average rise in the Consumer Price Index for the financial year commencing on the 1st day of April, 2000, and ending on the 31st day of March, 2001, for the urban non-manual employees, hereby specifies the Cost Inflation Index for the financial year commencing on the 1st day of April, 2001, and ending on the 31st day of March, 2002, and for that purpose makes the following amendment in the notification of the Government of India in the Ministry of Finance, (Department of Revenue), Central Board of Direct Taxes No. S. 0. 709(E), dated 20th August, 19981, namely: In the said notification in the Table, after serial number 20 and the entries relating thereto, the following serial number and entries shall be inserted, namely : Sl. No. Financial Year Cost Inflation Index 21 2001-2002 426 [Notification No. 149-2001-F. No. 142-34-2001-TPL]