The CBDT vide Notification No. 14/2024 dated January 23, 2024, amending previous notifications i.e. S.O. 2774(E) dated the July 09, 2021, S.O. 2826(E) dated July 14, 2021, S.O. 4523(E) dated October 29, 2021, S.O. 4525(E) dated October 29, 2021, S.O. 73(E) dated January 06, 2022, S.O. 1769(E) dated April 11, 2022, S.O. 1977(E) dated April 28, 2022, S.O. 1044(E) dated March 03, 2023, S.O. 1690(E) dated April 10, 2023 and S.O. 2155(E) dated May 10, 2023, the paragraph 3 shall be read as the following, namely,-.
“This notification shall be deemed to have been applied for the financial year 2020-2021 to financial year 2024-2025 relevant to the assessment year 2021-2022 to assessment year 2025-2026.”
Further amended previous notification i.e. S.O. 1585(E) dated the April 01, 2023, the paragraph 3 shall be read as the following, namely,-
“This notification shall be deemed to have been applied for the financial year 2020-2021 to financial year 2022-2023 relevant to the assessment year 2021-2022 to assessment year 2023-2024.”
Explanatory Memorandum: It is certified that no person is being adversely affected by giving retrospective effect to this notification.
The Notification can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/CBDT-Notification-No.-14-2024.pdf