Ministry Of Finance (Central Board Of Direct Taxes) Notification
December, 19th 2017
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II--SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi, the 12th December, 2017
S.O. 3868(E).-- In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
(43 of 1961), the Central Government hereby notifies for the purposes of the said clause, `Manipur State Rural Road
Development Agency', a body established by Government of Manipur, in respect of the following specified income
arising to the body, namely:-
a) fund received for PMGSY from Ministry of Rural Development, Government of India; and
b) interest received from Bank on above fund.
2. This notification shall be effective subject to the conditions that Manipur State Rural Road Development
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout the financial
(c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of
section 139 of the Income-tax Act, 1961.
3. This notification shall be deemed to have been applied for the financial years 2015-2016, 2016-2017 and shall
apply with respect to the financial years 2017-2018, 2018-2019 and 2019-2020.
[Notification No. 97 /2017/ F. No. 300196/8/2016-ITA-I]
VINAY SHEEL GAUTAM, Under Secy.
Explanatory Memorandum: It is certified that no person is being adversely affected by giving retrospective effect to
RAKESH Digitally signed by RAKESH
SUKUL Date: 2017.12.13 22:16:19
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