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<h1>Income-tax Rules Amended: Machinery and Plant Rates Updated in Appendix-I, Part A, Section 295</h1> The Income-tax (Fourth Amendment) Rules, 2003, effective from April 1, 2003, were issued by the Central Board of Direct Taxes under the authority of section 295 of the Income-tax Act, 1961. This amendment modifies the Income-tax Rules, 1962, specifically in Appendix-I, Part A, concerning tangible assets under the category 'Machinery and Plant.' The changes involve substituting the figure '80' with '100' in sub-item (3) across entries (viii), (ix), and (x) in column 2, reflecting adjustments in the applicable rates or values associated with these entries.