708/CBDT. - Income Tax - 708/CBDT

INSTRUCTION NO. 708/CBDT Dated : June 12, 1974 Section(s) Referred: 52(2) Statute: Income - Tax Act, 1961 Instruction No.648 dated 14.1.74 (issued from file No.207/2/74-IT.A-II) and direction contained in para 65 of Circular No.20 (LXXVI) of 1964 dated 7.7.64, relating to the applicability of section 52(2) of I.T.Act, 1961 are withdrawn with immediate effect. However, the directions of the Board in this connection contained in Circular No.132 dated 26th March, 1974 issued from file No.207/11/74-IT.A-II) WWW remain in force and will be followed by the Income-tax Officers.