INCOME TAX
INSTRUCTION NO. 5151/1993
Dated: January 18, 1993
Section(s) Referred: 44AC ,206C
Statute: Income - Tax Act, 1961
Please refer to the correspondence resting with your D.O. letter No. CCIT/MP/Tech/J.146/90-91/4160 dated 20-11-92 on the subject mentioned above.
2. The matter has been re-examined by the Board and it is hereby clarified that "BAMBOO" would fall under the category of "TIMBER" and not in the category of "any other forest produce" for the purpose of section 44AC. Accordingly, the Board's letter No. 202/5/92-ITA.II dated 20-6-92 is withdrawn.
F.No. 207/22/91-ITA.II