Holding-period requirement removed from rule 2BB, altering the temporal condition for a specified tax entry. The Income-tax (22nd Amendment) Rules 2005 amend the Income-tax Rules, 1962 by omitting the words and figures 'for a period of more than 30 days' from column 2 against serial number 9 in the table to sub rule (2) of rule 2BB, pursuant to powers under section 295 read with clause (14)(ii) of section 10 of the Income-tax Act, 1961; the amendment is notified in Notification No. 197/2005 and is to come into force on 1 April 2006.
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Holding-period requirement removed from rule 2BB, altering the temporal condition for a specified tax entry.
The Income-tax (22nd Amendment) Rules 2005 amend the Income-tax Rules, 1962 by omitting the words and figures "for a period of more than 30 days" from column 2 against serial number 9 in the table to sub rule (2) of rule 2BB, pursuant to powers under section 295 read with clause (14)(ii) of section 10 of the Income-tax Act, 1961; the amendment is notified in Notification No. 197/2005 and is to come into force on 1 April 2006.
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