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TMI BlogPension fund, namely, BPC Penco XVII Corporation specified u/s 10(23FE)X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Act), the Central Government hereby specifies the pension fund, namely, BPC Penco XVII Corporation (PAN: AALCB4169R), (hereinafter referred to as the assessee) as the specified person for the purposes of the said clause in respect of the eligible investment made by it in Ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l year, from an accountant as defined in the Explanation below sub-section (2) of section 288 of the Act, as per the provisions of clause (vi) of rule 2DB of the Income tax Rules, 1962; (iii) the assessee shall intimate the details in respect of each investment made by it in India during the quarter within one month from the end of the quarter in Form No. 10BBB, as per the provisions of clause (v) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gations and defined contributions for participants or beneficiaries of funds or plans referred to in clause (vi) and no portion of the earnings or assets of the pension fund inures any benefit to any other private person; barring any payment made to creditors or depositors for loan or borrowing [as defined in sub-clause (b) of clause (ii) of Explanation 2 to clause (23FE) of section 10 of the Act] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and this notification shall render the assessee ineligible for the tax exemption. 3. This notification shall come into force from the date of its publication in the Official Gazette. [F. No. 500/PF10/S10(23FE)/FT TR-II-Part (1)] SRI VATSA SEHRA, Under Secy. **************** NOTES:- 1. Substituted vide Notification No. 91/2024 dated 18-07-2024 before it was read as, 31st day of March, 2024 - Not ..... X X X X Extracts X X X X X X X X Extracts X X X X
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