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THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
[CENTRAL BOARD OF DIRECT TAXES]
NOTIFICATION
New Delhi, the 23rd February, 2017
INCOME-TAX
S.O. 600(E).–In exercise of the powers conferred by clause (48) of section 10 read with section 295 of the
Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the national interest, hereby notifies for the
purposes of the said clause, the National Iranian Oil Company, as the foreign company and the Memorandum of
Understanding entered between the Government of India in the Ministry of Petroleum and Natural Gas and the Central
Bank of Iran on the 20th day of January, 2013 as modified by the minutes of meeting signed on the 16th August, 2016
between the Government of India, Ministry of Finance, Department of Economic Affairs and Bank Markazi Jomhouri
Islami Iran, as the agreement subject to the condition that the said foreign company shall not engage in any activity in
India, other than the receipt of income under the agreement aforesaid.
2. This notification shall be deemed to have come into force from the 16th day of August, 2016.
[Notification No. 13/2017/ F. No. 370142/2/2017-TPL]
RAJESH KUMAR KEDIA, Director
Explanatory Memorandum:- It is certified that no person is being adversely affected by giving this retrospective effect
to this notification.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
RAKESH
SUKUL
Digitally signed by RAKESH
SUKUL
Date: 2017.02.23 16:00:07
+05'30'
