Approval validity under Income-tax rules limited to three assessment years for pre-amendment approvals. The amendment substitutes sub-rule (3) of rule 2CA to provide that approvals of the Central Board of Direct Taxes, the Chief Commissioner, or the Director General granted before 1st December, 2006 shall have effect for a period not exceeding three assessment years, with the Income-tax (14th Amendment) Rules, 2006 coming into force from their publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Approval validity under Income-tax rules limited to three assessment years for pre-amendment approvals.
The amendment substitutes sub-rule (3) of rule 2CA to provide that approvals of the Central Board of Direct Taxes, the Chief Commissioner, or the Director General granted before 1st December, 2006 shall have effect for a period not exceeding three assessment years, with the Income-tax (14th Amendment) Rules, 2006 coming into force from their publication in the Official Gazette.
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