Page 115 - MA - May 2017

the later of the notifications of the completion of and letter “Member (L)”, the words and brackets
the procedures as required by the respective laws “Member (Income Tax)” shall be substituted;
for the entry into force of the Third Protocol, in (II) in rule 6DDD, in sub-rule (1), for the words and
accordance with Article 6 of the Third Protocol; brackets “Member (Legislation)”, the words
Now, therefore, in exercise of the powers conferred by and brackets “Member (Income Tax)” shall be
sub-section (1) of section 90 of the Income-tax substituted;
Act, 1961 (43 of 1961), the Central Government (III) after rule 127, the following rule shall be inserted
hereby notifies that all the provisions of the Third [Notification No. 17/2017/F.No. 370142/4/2017-TPL]
Protocol, as annexed hereto, shall be given effect to
in the Union of India.  In exercise of the powers by sub sections (1) and
[Notification No. 18/2017/ 500/139/2002-FTD-II] (2) of Section 120 of the Income-tax Act, 1961)
(43 of 1961), the Central Board of Direct Taxes
 In exercise of the powers conferred by clause (d) hereby makes the following amendment to the
and clause (e) of proviso to clause (5) of section notification of the Government of India, Ministry of
43 and section 282A read with section 295 of the Finance, Department of Revenue, Central Board of
Income-tax Act, 1961 (43 of 1961), the Central Direct Taxes, number S.O.2483(E), dated the 30th
Board of Direct Taxes hereby makes the following September, 2009, published in the Gazette of India,
rules further to amend the Income-tax Rules, 1962, Extraordinary, Part II, Section 3, Sub-section (ii).
namely:- [Notification No. 16 /2017/ F. No.187/3/2017-ITA-I]
1. (1) These rules may be called the Income –tax ( 3 rd
Amendment) Rules, 2017. Contributed by
(2) They shall come into force on the date of their Taxation Committee
publication in the Official Gazette.
2. In the Income-tax Rules, 1962,- Institute of Cost Accountants of India
(I) in rule 6DDB, in sub-rule (1), for the word, brackets

At the helm

Our heartiest congratulations to CMA Debasish Bandopadhyay, a member of the Institute,
and ROC Delhi, for being posted with the duties of DII, Corporate Affairs with effect from
1 April 2017. Prior to this he was Regional Director (Northern Region).

We wish CMA Debasish Bandopadhyay the very best for all his future endeavours.

www.icmai.in May 2017 l The Management Accountant 115