Income-tax Amendment (Twenty-Eighth Amendment) Rules, 2023 - Insert clause x in Rule 17C of IT Rule 1962 - 103/2023 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 103/2023 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: 1. Short title and commencement :- (1) These rules may be called the Income-tax Amendment (Twenty-Eighth Amendment) Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962 , in rule 17C , after clause (ix), the following clause shall be inserted, namely:- (x) investment by way of acquiring units of POWERGRID Infrastructure Investment Trust. . [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.