Income Tax
1.
91/2016 - dated - 6-10-2016 - IT
Summary : The Income-tax (26th Amendment) Rules, 2016, issued by the Central Board of Direct Taxes, amends the Income-tax Rules, 1962. Effective from its publication date, the amendment modifies rule 114D by substituting specific clause references and introduces a new sub-rule empowering the Principal Director General of Income-tax (Systems) to establish secure data handling procedures. Additionally, changes are made to rule 114E, adjusting the exclusion criteria for certain persons. This notification follows the last amendment made on October 5, 2016.
SEZ
2.
S.O. 3158(E) - dated - 5-10-2016 - SEZ
Summary : The Central Government has expanded the Special Economic Zone (SEZ) for Pharmaceuticals at Village-Matoda, Sari, and Chachanvadi Vasna on National Highway 8-A, Taluk-Sanand District, Ahmedabad, Gujarat. Initially notified in 2006, the SEZ was 48.83 hectares. M/s. Zydus Infrastructure Private Limited proposed an additional 1.4585 hectares, which has now been approved, bringing the total SEZ area to 50.2885 hectares. The newly included land comprises specific survey numbers, as detailed in the notification.
3.
S.O. 3157(E) - dated - 3-10-2016 - SEZ
Summary : The Central Government has notified a 1.34-hectare area at Outer Ring Road, Doddanekundi Circle, Bengaluru, Karnataka, as a Special Economic Zone (SEZ) for IT/ITES, proposed by a private developer under the Special Economic Zones Act, 2005. An Approval Committee has been constituted, comprising various government officials and representatives, to oversee the SEZ's development, operation, and maintenance. The SEZ is designated as an Inland Container Depot effective from October 3, 2016, under the Customs Act, 1962. This notification follows the fulfillment of necessary legal requirements and the issuance of a letter of approval on September 7, 2016.
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