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of <h1>CBDT Amends Income-tax Rules: New Provisions for Hotel Approval u/s 80-IA Focus on Tourism Development Areas.</h1> The Central Board of Direct Taxes issued the Income-tax (Eighth Amendment) Rules, 1998, amending the Income-tax Rules, 1962, under the authority of section 295 of the Income-tax Act, 1961. Effective upon publication in the Official Gazette, the amendment modifies rule 18BBC by inserting additional clauses in sub-rules (1) and (2). Specifically, it includes provisions for hotel approval under section 80-IA, requiring hotels to be located in specified areas, have no more than 1000 rooms of 3-star category or above within certain jurisdictions, and be in areas needing tourism infrastructure development as recommended by the Department of Tourism.
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