Income-tax (First Amendment) Rules, 2009 - Prescribed conditions for the purposes of sub-clause (iii) of clause (B) of sub-section (2) of section 115WB.

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..... y 5, 2009 S.O.19 (E) - In exercise of the powers conferred by section 295 read with sub-clause (iii) of clause (B) of subsection (2) of section 115WB 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. (i) These rules may be called the Income-tax (First Amendment) Rules .....

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..... e issuing bank. (iii) An employee shall not be issued more than one card. (iv) The card shall bear the name of the employer along with the name, photograph and signature of the employee to whom the card is issued. (v) The card shall be used only by the employee to whom the card is issued. (vi) The card shall be used by the employee only for the purpose of purchasing ready to eat food or no .....

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..... er; an (b) which has entered into a contract with the member establishment authorizing him to allow purchases against the card issued by it in accordance with the conditions stipulated in sub-clause (iii) of clause (B) of sub-section (2) of section 115WB and this rule; and (iii) "member establishment" shall mean a restaurant, hotel, canteen or an outlet which sells ready to eat food or non-alc .....

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