INCOME TAX

Sec.44AC-Bamboo to fall under the category of 'Timber'

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 Accordingly, the Board's letter No. 202/5/92-ITA.II dated 20-6-92 is withdrawn.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