By this 10th Amendment in Rules, 2014 of Income Tax new Rule insertion i.e. Rule 12D to demands any Information or Documents from Assessee for any Enquiry/Proceeding regarding Income Tax. This new amendment is applicable w.e.f. 30th September, 2014.
The CBDT has amended as follows:
In Exercises of the powers conferred by section 133C read with section 295 of the Income Tax Act, 1961 (43 of 1961), the Central board taxes hereby make the following rules further to amend the Income Tax Rules, 1962, namely:-
1. 1. These rules may be called the Income Tax (10th Amendment) Rule, 2014.
2. They shall come into force on the date of their publication in the official Gazette.
2. In the Income Tax Rule, 1962 (hereinafter referred to as the said rules), after rule 12C, the following rule shall be inserted, namely:-
The CBDT has amended as follows:
In Exercises of the powers conferred by section 133C read with section 295 of the Income Tax Act, 1961 (43 of 1961), the Central board taxes hereby make the following rules further to amend the Income Tax Rules, 1962, namely:-
1. 1. These rules may be called the Income Tax (10th Amendment) Rule, 2014.
2. They shall come into force on the date of their publication in the official Gazette.
2. In the Income Tax Rule, 1962 (hereinafter referred to as the said rules), after rule 12C, the following rule shall be inserted, namely:-
"Prescribed authority under section 133C
12D The prescribed authority under section 133C shall be the Principal Director General or Director General or Principal Director or Director, as the case may be.
Explanation - For the purposes of this rule, "Principal Director General or Director General or Principal Director or Director" means the Principal Director General of Income Tax or the Director General of Income Tax or the Principal Director of Income Tax or the Director of Income Tax to whole the Central Board of Taxes may authoriesed to act as prescribed authority for the prupose of section 133C"
Download Income-Tax (Tenth Amendment) Rules, 2014 – Insertion of Rule 12D (Click Here)
