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Income-tax (13th Amendment) Rules, 1999 - S. O. 410(E) - Income TaxExtract MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 10949 New Delhi, the 2 nd June, 1999 INCOME-TAX S. O. 410(E).- In exercise of powers conferred by section 295 , read with sub-clause (iii) of clause (b) of sub-section (2) of section 80HHB , 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 (13th Amendment) Rules, 1999 (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962 , after rule 17C the following shall be inserted, namely:- 17D. Prescribed foreign projects for the purposes of deduction in respect of profits and gains from project outside India under section 80HHB . For the purposes of sub-clause (iii) of clause (b) of sub-section (2) of section 80HHB , any project for execution of work of exploration, exploitation, development and production of hydrocarbons outside India shall be a foreign project. . [F. No. 149/70/99-TPL] SUNITI SR1VASTAVA, Under Secy.
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