NOTIFICATION NO. SO 4033(E) [NO.114/2016 (F.NO.500/02/2015-FT&TR-III)], DATED 14-12-2016

SECTION 94A OF THE INCOME-TAX ACT, 1961 – SPECIAL MEASURES IN RESPECT OF TRANSACTIONS WITH PERSONS LOCATED IN NOTIFIED JURISDICTIONAL AREA – ‘CYPRUS’ SPECIFIED AS NOTIFIED JURISDICTIONAL AREA FOR PURPOSES OF SECTION 94A – RESCISSION OF NOTIFICATION NO. SO 3307(E) [NO.86/2013 (F.NO.504/05/2003-FTD-I)], DATED 1-11-2013

NOTIFICATION NO. SO 4033(E) [NO.114/2016 (F.NO.500/02/2015-FT&TR-III)]DATED 14-12-2016
{AS CORRECTED BY NOTIFICATION NO. SO 4082(E) [NO. 119/2016 (F.NO.500/02/2015-FT&TR-III), DATED 16-12-2016}

In exercise of the powers conferred by sub section (1) of section 94A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, number 86 of 2013 published in the Gazette of India, Part II, section 3, sub-section (ii) vide S.O. 3307(E) dated 1st November 2013, except as respects things done or omitted to be done before such rescission, with effect from the date of publication of the notification in the Official Gazette.