New Rule 14C manner of authentication of an electronic record

New rule 14C manner of authentication of an electronic record under electronic verification code under sub-clause (b) of clause (i) of sub-section (7) of section 144B.

G.S.R. 616(E).—In exercise of the powers conferred by sub-clause (b) of clause (i) of sub-section (7) of section 144B 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:-

1. Short title and commencement.—
   (1) These rules may be called the Income-tax (26th Amendment) Rules, 2021.
   (2) They shall come into force from the date of their publication in the Official Gazette.
   
2. In the Income-tax Rules, 1962, after rule 14B, the following rule shall be inserted, namely:––
   
   14C. Prescribed manner of authentication of an electronic record under electronic verification code under sub-clause (b) of clause (i) of sub-section (7) of section 144B.-
   For the purposes of sub-clause (b) of clause (i) of sub-section (7) of section 144B, where an assessee or any other person submits an electronic record by logging into his registered account in designated portal of the Income-tax Department, it shall be deemed that the electronic record has been authenticated under electronic verification code.
   
   Explanation.- For the purposes of this rule, “designated portal” shall have the same meaning as assigned to it in in clause (i) of the Explanation below to section 144B‘.

Note : The principal rules were published vide notification S.O. 969(E), dated the 26th March, 1962 and last amended vide notification GSR 612(E), dated the 02nd September, 2021.

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