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<h1>Government Rescinds 2008 Tax Benefits Under Income-tax Act, Effective Retroactively from April 1, 2011, Per Section 35.</h1> The Central Government, through Notification No. 3/2019 dated January 25, 2019, issued by the Ministry of Finance's Department of Revenue, has rescinded Notification No. 15/2008, initially published on February 1, 2008. This action, effective retroactively from April 1, 2011, nullifies any tax benefits previously granted under the Income-tax Act, 1961 or any other applicable laws as if the original notification had never been issued. This decision is executed under the authority of section 35 of the Income-tax Act, 1961, and relevant rules of the Income-tax Rules, 1962.