MINISTRY OF FINANCE
Department of Revenue
CENTRAL BOARD OF DIRECT TAXES
Notification No. 42/2016
New Delhi, the 2nd June, 2016
INCOME-TAX
S.O.1948(E).—In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, published in the Gazette of India, Extraordinary, vide number S.O. 709(E), dated the 20th August, 1998, namely:
2. In the said notification, in the Table, after serial number 35 and the entries relating thereto, the following serial number and entries shall be inserted, namely:-
| Sl. No. | Financial Year | Cost Inflation Index |
| (1) | (2) | (3) |
| “36 | 2016-17 | 1125” |
[Notification No. 42/2016/F.No.142/5/2016-TPL]
PRAVIN RAWAL, Director
Note:- The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(ii), vide number S.O.709(E), dated the 20th August, 1998 and last amended vide number S.O.2031(E), dated the 24th July,2015.
