Income-tax (Fifth Amendment) Rules, 2003 - 126/2003 - Income Tax

Income-tax (Fifth Amendment) Rules, 2003 Notification No. 126 of 2003, dt. 9th May, 2003 In exercise of the powers conferred by 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. (1) These rules may be called the Income-tax (Fifth Amendment) Rules, 2003. (2) They shall come into force from the 1st day of April, 2004. 2. In the Table to Appendix-I of the Income-tax Rules, 1962, in Part A relating to TANGIBLE ASSETS, under the heading "III. Machinery and Plant", in sub-item (3), after entry (xi), the following shall be inserted, namely: "(xia) Life saving medical equipment, being- (a) D.C. Defibrillators for internal use and pace makers; (b) Haemodialysors; (c) Heart lung machine; (d) Cobalt Therapy Unit; (e) Colour Doppler; (f) SPECT Gamma Camera; (g) Vascular Angiography System including Digital substraction Angiography; (h) Ventilator used with anaesthesia apparatus; (i) Magnetic Resonance Imaging System; (j) Surgical Laser; (k) Ventilators other than those used with anaesthesia; (l) Gamma knife; (m) Bone Marrow Transplant Equipment including silastic long standing intravenous catheters for chemotheraphy; (n) Fibre optic endoscopes including, Paediatric resectoscope/audit resectoscope, Peritoneoscopes, Arthoscope, Microlaryngoscope, Fibreoptic Flexible Nasal Pharyngo Bronchoscope, Fibreoptic Flexible Laryngo Brochoscope, Video Laryngo Brochoscope and Video Oesophago Gastroscope, Stroboscope, Fibreoptic Flexible Oesophago Gastroscope. (o) Laparoscope (single incision) [F.No.67/FB/2003-TPL]