The CBDT vide Notification No. 103/2023 dated December 18, 2023, to amend the Income-tax Rules, 1962. These amendments, titled the Income-tax Amendment (Twenty-Eighth Amendment) Rules, 2023, come into effect upon publication in the Official Gazette. Rule 17C of the Income-tax Rules, 1962 is modified by adding a new clause (x) that permits investment in POWERGRID Infrastructure Investment Trust units under the powers granted by clause (xii) of sub-section (5) of section 11, in conjunction with section 295 of the Income-tax Act, 1961.
The Notification can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/Income-tax-Amendment-Twenty-Eighth-Amendment-Rules-2023.pdf