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of <h1>Government Rescinds Tax Benefits Notification No. 35/2008 Retroactively from April 2007 under Income-tax Act, 1961.</h1> The Central Government, through the Central Board of Direct Taxes, has rescinded Notification Number 35/2008, which was issued on 14th March 2008, under the powers of the Income-tax Act, 1961. This rescission is effective retroactively from 1st April 2007, and it nullifies any tax benefits that might have been claimed under the original notification. The decision is formalized in Notification No. 79/2016, dated 6th September 2016, and is published by the Ministry of Finance, Department of Revenue.
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