|[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (ii)] GOVERNMENT OF INDIA|
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
[F.No. 203/30/2014-ITA.II] NOTIFICATION NO 48/2021, Dated: May 06, 2021
FORM NO. 3CP
|S.O. 1766(E).- The Central Board of Direct Taxes, in exercise of its powers under section 35CCC of the Income-tax Act,1961 (43 of 1961) read with Rules 6AAD and 6AAE of the Income-tax Rules, 1962 and in partial modification of the Notification No. 15/2015 dated 16.02.2015, issued vide F.No. 203/30/2014-ITA.II, hereby specifies that Sl.No.7 and Sl.No.8 of said Notification shall be read as below:|
|7||Assessment Year(s) for which the agricultural|
extension project is being notified (not
exceeding three years).
|From date of formal issue of Notification No.15/2015 (i.e.) 16.02.2015 till A.Y 2017-18.|
|8||Total expenses likely to be incurred for the|
agricultural extension project (other than cost of
land or building).
| Assessment Year Sanctioned Expenditure|
*However, as project has been accorded approval from subsequent date in the F.Y. 2014-15, i.e., A.Y. 2015-16, the sanctioned expenditure for the relevant period is to be allowed w.e.f. 16.02.2015.