U/s 43 (5) of IT Act 1961 Central Government notifies Indian commodity Exchange limited (PAN:AABCI9419D) as a 'recognised association'

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....NOTIFICATION NO. 91/2017 In exercise of the powers conferred by clause (iii) in the Explanation of clause (e) of the proviso to sub-section (5) of Section 43 of the Income tax Act, 1961 (43 of 1961) read with sub-rule (4) of Rule 6DDD of the Income-tax Rules, 1962. The Central Government hereby notifies Indian commodity Exchange limited (PAN:AABCI9419D) as a 'recognised association' for....

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....lete audit trail of all transactions (in respect of derivative market) for a period of seven years on its system; or (iv) fails to ensure that transactions (in respect of derivative market) once registered in the system are not erased; or (v) fails to ensure that the transactions (in respect of derivative market) once registered in the system are modified only in cases of genuine error (as m....

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....1962, this notification shall stand rescinded on 31.10.2018 with liberty to the applicant to file a fresh application for approval under clause (e) of the proviso to sub-section (5) of section 43 of the Act for the subsequent period. whichever is earlier. (F. No. 225/216/2017-ITA-II) (Ankita Pandey) Under Secretary (ITA-II), CBDT   Annexure *Explanatory Memorandum in r....