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<h1>Central Government Updates Income Tax Act Notification: Assessment Year Reference Changed from 1976-77 to 1974-75.</h1> The Central Government has amended Notification No. 1477 dated September 13, 1976, under the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961. The amendment changes the reference from 'assessment year(s) 1976-77' to 'assessment year(s) 1974-75.' This amendment is documented in Notification Number 2590, dated January 28, 1977.