SECTION 2(19AA) OF THE INCOME-TAX ACT, 1961 – DEMERGER – NOTIFIED CONDITIONS UNDER EXPLANATION 5 – AMENDMENT IN NOTIFICATION NO. SO 3204(E) [NO.93/2016 (F.NO.149/251/2015-TPL)], DATED 14-10-2016

NOTIFICATION NO. SO 2338(E) [NO.73/2017 (F.NO.149/251/2015-TPL)], DATED 26-7-2017

In exercise of the powers conferred by Explanation 5 to clause (19AA) of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby amends the notification of the Government of India, Ministry of Finance number S.O. 3204(E) published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), dated the 14th October, 2016, namely:—

2. In the said notification,—

(a)		in clause (i), for the words “to transfer”, the words “by way of transfer of” shall be substituted;
(b)		in clause (ii) for the words “public sector company”, the words, figures, bracket “public sector company on the appointed date indicated in the scheme approved by the Appellate Tribunal constituted under section 410 of the Companies Act, 2013 (18 of 2013) in this behalf” shall be substituted.