This notification, S.O. 600(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, designates the National Iranian Oil Company as a foreign company under clause (48) of Section 10, read with Section 295 of the Income-tax Act, 1961. It also recognizes the Memorandum of Understanding between the Government of India (Ministry of Petroleum and Natural Gas) and the Central Bank of Iran, as modified on August 16, 2016, as the relevant agreement. This notification, taking effect retrospectively from August 16, 2016, stipulates that the National Iranian Oil Company's activities in India are limited solely to receiving income under the aforementioned agreement. The notification number is 13/2017 (F. No. 370142/22/2017-TPL), and it is issued under the authority of Rajesh Kumar Kedia, Director.
Key Entities Referenced
National Iranian Oil Company: The state-owned oil company of Iran, recognized as a foreign company under this notification.
Government of India: The governing body of the Republic of India.
Ministry of Petroleum and Natural Gas: A ministry in the Government of India.
Central Bank of Iran: The central bank of Iran, also known as Bank Markazi Jomhouri Islami Iran.
Income-tax Act, 1961: The primary legislation governing income tax in India.
Ministry of Finance: A department of the Government of India.
Department of Revenue: A department under the Ministry of Finance.
Central Board of Direct Taxes: An organization within the Department of Revenue responsible for direct tax administration.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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PUBLISHED BY AUTHORITY
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No. 537] NEW DELHI, THURSDAY, FEBRUARY 23, 2017/PHALGUNA 4, 1938
िव(cid:7275) म(cid:7074)ं ालय
(राज(cid:7021)व िवभाग)
(के(cid:7008)(cid:7076)ीय (cid:7079)(cid:7004)य(cid:6979) कर बोड)(cid:6981)
अिधसचू ना
नई (cid:7408)द(cid:7016)ली, 23 फरवरी, 2017
आय-कर
का.आ. 600(अ).—क(cid:7286)(cid:7076)ीय सरकार, रा(cid:7020)(cid:7069) ीय िहत को (cid:7007)य ान म(cid:7286) रखत े(cid:7263)ए आय-कर अिधिनयम, 1961 (1961 का 43)
क(cid:7409) धारा 295 के साथ प(cid:7407)ठत धारा 10 के खंड 48 (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करत े (cid:7263)ए, उ(cid:6989)त खंड के (cid:7079)योजन(cid:7298) के िलए
नेशनल ईरािनयन ऑयल कंपनी को िवदशे ी कंपनी के (cid:7272)प म (cid:7286)और भारत सरकार के पे(cid:7069)ोिलयम और (cid:7079)ाकृितक गसै मं(cid:7074)ालय तथा
स(cid:7286)(cid:7069)ल बक(cid:7289) ऑफ ईरान के बीच 20 जनवरी, 2013 को (cid:7263)ए समझौता (cid:6980)ापन को, िजसे भारत सरकार के िव(cid:7004)त मं(cid:7074)ालय के
आ(cid:7414)थक काय(cid:6981) िवभाग तथा बक(cid:7289) मक(cid:6981)जी जम(cid:7264)री इ(cid:7021)ल ामी ईरान के बीच 16 अग(cid:7021)त , 2016 को ह(cid:7021)त ा(cid:6979)(cid:7407)रत बैठक के काय(cid:6981)वृ(cid:7004)त
(cid:7367)ारा संशोिधत (cid:7408)कया गया था, इस शत(cid:6981) के अधीन रहत े(cid:7263)ए करार के (cid:7272)प म (cid:7286)अिधसिू चत करती ह ै(cid:7408)क उ(cid:6989)त िवदशे ी कंपनी भारत
म(cid:7286) पूव(cid:7299)(cid:6989)त करार के अधीन आय क(cid:7409) (cid:7079)ाि(cid:7009) त से िभ(cid:7008)न (cid:7408)कसी अ(cid:7008) य कायक(cid:6981) लाप म(cid:7286) नह(cid:7277) लगेगी ।
2. यह अिधसूचना 16 अग(cid:7021) त, 2016 को (cid:7079)वृ(cid:7004)त (cid:7263)ई समझी जाएगी ।
[अिधसूचना स.ं 13/2017/फा.स.ं 370142/2/2017-टीपीएल]
राजेश कुमार केिडया, िनदशे क
(cid:7021)प (cid:7020)ट ीकारक (cid:6980)ापन :- यह (cid:7079)मािणत (cid:7408)कया जाता ह ै(cid:7408)क इस अिधसूचना को भूतल(cid:6979)ी (cid:7079)भाव दने े से कोई (cid:7018)य ि(cid:6989)त (cid:7079)ितकूल (cid:7272)प स े
(cid:7079)भािवत नह(cid:7277) हो रहा ह ै।
1030 GI/2017 (1)2 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.
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