The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 344] NEW DELHI, THURSDAY, JULY 24, 1980/SRAVANA 2, 1902
WWTHE GAZETTE OP INDIA : EXTRAORDINARY [PART H—SEC.;3$)]MINISTRY OF FINANCE
(Contra] Board of Direct T"xe>)
NOTIFICATION
New Delhi, the 24th July, 1980
INCOME-TAX
S,O. 5<>2fE).—In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby mates the following rules further to amend the Income-tax Rules, 1962, namely :—
1, (1) These rules may be called the Income-tax (Fifth Amendment) Rules,
1980.
(2) They shall come into force at once.
2. In Part I of Appendix I to the Income-tax Rules, 1962, in the Table of rates at which depreciation is admissible, in column 1, under the heading "III. Machinery and Plant (not being a ship)—", under the sub-heading "tfi) Spe- cial rates :",—
(a) in Group D, for item (9), the following item shall be substituted,
namely :—
"(9) Motor buses and motor lorries other than those used m a business
of running them on hire [N.E.S.A.J";
(b) in Group E, after item (1), the following item shall be inserted,