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The Central Board of Direct Taxes amends the Income-tax Rules, 1962 to extend safe harbour provisions. The rule change adds assessment year 2022-23 to rule 10TD sub-rule (3B). The amendment takes effect from the 1st day of April, 2022.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th June, 2022 INCOME-TAX
G.S.R. 458(E).—In exercise of the powers conferred by section 295 read with sub-section (2) of section 92CB 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:—
(2) They shall be deemed to have come into force from the 1st day of April, 2022.
[Notification No. 66 /2022/F. No. 370142/26/2022-TPL] NEHA SAHAY, Under Secy.
Explanatory Memorandum : This amendment is effective from 1st day of April, 2022 and applies to assessment year 2022 -2023 relevant to previous year 2021-2022. Accordingly, it is hereby certified that no person is being adversely affected by giving retrospective effect to these rules.
Note : The principal rules were published in the Gazette of India, Extraordinary, Part-II, section-3, sub- section (ii) vide number S.O. 969 (E) dated the 26th March, 1962 and were last amended vide notification number G.S.R. 455 (E), dated the 16th June, 2022.
