New Rule 12F (Prescribed income- tax authority) inserted under the income tax rules- These rules may be called the Income-tax (29th Amendment) Rules, 2021
G.S.R. 627(E).—In exercise of the powers conferred by second proviso to clause (i) sub-section (1) of section 142 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend Income-tax Rules, 1962, namely:-
- Short title and commencement.-
(1) These rules may be called the Income-tax (29th Amendment) Rules, 2021.
(2) They shall come into force from the date of its publication in the Official Gazette. - In the Income-tax Rules, 1962, after rule 12E, the following rule shall be inserted, namely:-
“12F. Prescribed income- tax authority under second proviso to clause (i) of sub-section (1) of section
142.- The prescribed income-tax authority under second proviso to clause (i) of sub-section (1) of section 142 shall be an income-tax authority not below the rank of Income-tax Officer who has been authorised by the Central Board of Direct Taxes to act as such authority for the purposes of that clause.”.
Note : The principal rules were published vide notification S.O. 969(E), dated the 26th March, 1962 and last amended vide notification GSR 623(E), dated the 10th September, 2021.
Also Read:
- Notification under Explanation to subsection (1) of section 194Q
- Notification under explanation to subsection (1H) of section 206C
- An amendment under Rule 11UAC of Income-tax Rules 1962
- Notification under clause (viiaf) of section 47 of the Income tax Act, 1961
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