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Income-tax (Eighth Amendment) Rules, 1998 - S.O. 476(E) - Income TaxExtract MINISTRY OF FINANCE (Department of Revenue) CENTRAL BOARD OF DIRECT TAXES NOTIFICATION No. 10623 New Delhi, the 29th May, 1998 Income-Tax S.O. 476(E). -In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962 , namely:- 1. (1) These rules may be called the Income-tax (Eighth Amendment) Rules, 1998. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962 ,- (a) in rule 18BBC , - (i) in sub-rule (1),- (A) in clause (a), after the word, brackets, and figures clause (iii) , the words, brackets, figure and letter or clause (iiia) shall be inserted; (B) in clause (b), after the word, brackets and figures clause (iv) the words, bracket and figure or clause (iva) shall be inserted; (ii) after sub-rule (2), the following sub-rule shall be inserted, namely :- (3) For the purpose of clause (iiia) of sub-section (4) and the proviso of clause (iia) of sub-section (5) of section 80-IA, a hotel shall be approved by the prescribed authority if the following conditions are fulfilled, namely :- (a) such hotel is located in an area or place specified under clause (iiia) of the said sub-section (4); (b) there are not more than 1000 hotel rooms of 3-star category and above in the aggregate, in areas or places specified under clause (iiia) of the said sub-section (4) within the jurisdiction of the revenue sub-division in which the hotel is located; (c) in case the hotel is located in a place where mere is need for development of infrastructure for tourism, such place has been specified by the Central Government under clause (iiia) of the said sub-section (4) on the recommendations of the Department of Tourism . [F. No. 142/43/97-TPL] Dr. SHIKHA DARBARI, Under Secy.
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