INCOME TAX Sec44ACBamboo to fall under the category of Timber INSTRUCTION NOnbsp51511993 nbspDated January 18 1993 Sections Referred 44AC 206C Statute Income  Tax Act 1961 Please refer to the correspondence resting with your DO letter No CCITMPTechJ14690914160 dated 201192 on the subject mentioned above 2 The matter has been reexamined by the Board and it is hereby clarified that quotBAMBOOquot would fall under the category of quotTIMBERquot and not in the category of quotany other forest producequot for the purpose of section 44AC Accordingly the Boards letter No 202592ITAII dated 20692 is withdrawn FNo 2072291ITAII nbsp