Income-tax (Fourth Amendment) Rules, 2002 - 069/2002 - Income Tax

Income-tax (Fourth Amendment) Rules, 2002 Notification S.O. No.... (E), dated 22nd March, 2002 . In exercise of the powers conferred by section 295 read with clause (12) and clause (25) of section 10 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 (Fourth Amendment) Rules, 2002. (2) They shall come into force on the 1st day of April, 2002. 2. In the Income-tax Rules, 1962,-- (i) in rule 89,-- (a) in sub-rule (i), after the words, figures and brackets "under the Life Insurance Corporation Act, 1956 (31 of 1956)", insert the words, brackets, figures and letters "or any other insurer as defined in clause (28BB) of section 2 of the Income-tax Act, 1961"; (b) in sub-rule (ii), after the words, "Life Insurance Corporation of India", insert the words 'or any other insurer"; (ii) in rule 101, after the words, figures and brackets "under the Life Insurance Corporation Act, 1956 (31 of 1956)", insert the words, brackets, figures and letters "or any other insurer as defined in clause (28BB) of section 2 of the Income-tax Act, 1961". (Sd.) Dr. Dheeraj Bhatnagar, Director. [Notification No. 69/2002/F. No. 142/22/2001-TPL]