S.O. 758(E).- In exercise of the powers conferred by sub-sections (9) and(9A) of section 92CC 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 the Income-tax Rules, 1962, namely:-
1. (1). These rules may be called the Income-tax (Third Amendment) Rules, 2015.
(2). They shall come into force on the date of their publication in the Official Gazette.
2. In the Income-tax Rules, 1962 (hereafter referred to as the principal rules), -
(a) in rule 10 F,-
(i) after clause (b), the following clause shall be inserted, namely :-
“(ba) “applicant” means a person who has made an application;”;
(ii) after clause (h), the following clause shall be inserted, namely :-
“(ha) “rollback year” means any previous year, falling within the period not exceeding four previous years, preceding the first of the previous years referred to in sub-section (4) of section 92CC;”;
(b) in rule10 H, in sub-rule (1),-
(i) for the word “Every” the word “Any” shall be substituted;
(ii) for the word “shall” the word “may” shall be substituted;
(c) in rule 10 I, for the words, figures and letter “who has entered into a prefiling consultation as referred to in rule 10H”, the words, figures and letter “referred to in rule 10 G” shall be substituted;
(d) in rule 10 K, in sub-rule (2) after the words “with understanding reached in”, the word “any” shall be inserted;
(e) in rule 10 M, in sub-rule (1), after clause (v), the following clause shall be
inserted, namely:-
“(va) rollback provision referred to in rule 10 MA;”;
(f) after rule 10 M, the following rule shall be inserted, namely:-
“Roll Back of the Agreement.
For more details:- https://www.cainindia.org/news/3_2015/incometax_third_amendment_rules_2015.html
