Notification of a recognised association for the purposes of clause (e) of the proviso to clause (5) of section 43.

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.... recognised association (as per clause (j) of section 2 of the Forward Contracts (Regulation) Act, 1952) as a recognised association for the purposes of clause (e) of the proviso to clause (5) of section 43 may be made to the ^2[Member (Income Tax)], Central Board of Direct Taxes, North Block, New Delhi. (2) The application referred to in sub - rule (1) shall be accompanied with the following d....

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....ociation for the purposes of clause (e) of the proviso to clause (5) of section 43 or issue an o rder rejecting the application before the expiry of four months from the end of the month in which the application is received. (5) The notification referred to in sub - rule (4) shall be effective until the approval granted by the Forward Markets Commission is withdrawn or expired, or the notificat....