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The Central Board of Direct Taxes issues the Income-tax (25th Amendment) Rules, 2016 to amend the Income-tax Rules, 1962. The rules introduce Rule 129 and Form No. 68 for tax applicants seeking immunity from penalty under section 270A and from proceedings under section 276C or section 276CC of the Income-tax Act, 1961. The applicant submits Form No. 68 to the Assessing Officer. The rules come into force on the 1st day of April, 2017.
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MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 05th October, 2016
S.O. 3150 (E).— In exercise of the powers conferred by section 295 read with sub-section (2) of section 270AA 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:-
“129. Form of application under section 270AA.- An application to the Assessing Officer to grant immunity from imposition of penalty under section 270A and from initiation of proceedings under section 276C or section 276CC shall be made in Form No.68.”.
4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
“FORM No.68 Form of application under section 270AA(2) of the Income-tax Act, 1961
Personal Information First Name
Middle Name Last Name or Name of Entity PAN Flat/ Door/ Block No. Name of Premises/ Building/ Village
Road/ Street/ Post Office Area/ Locality Town/City/District
State
Country
Pin Code Phone No. with STD code/ Mobile No.
Email Address
Details of orders and payments 1 Assessment Year
2 Section under which assessment/reassessment* order is passed
3 Date of the assessment/reassessment* order
4 Date of service of the assessment/reassessment* order
5 Amount of income assessed as per the assessment/reassessment* order
6 Tax and interest payable as per notice of demand (in Rs.) 7 Due date for payment as per notice of demand 8 Details of amounts paid
Sl. No. BSR Code Date of Deposit (DD/MM/YYYY) Serial Number of Challan Amount (Rs.) (i)
(ii)
(iii)
Form of verification
I, _______son/daughter* of do hereby declare that what is stated above is true to the best of my information and belief. I further declare that no appeal has been filed in respect of the order mentioned in column 2 above. I also undertake that no appeal shall be filed in respect of the said order before the expiry of the period specified in section 270AA(4) of the Income-tax Act, 1961. I declare that I am making this application in my capacity as ____________________ and I am also competent to file this application and verify it.
Place
Signature Date
Seal
(wherever applicable)
*Strike off whichever is not applicable”
[Notification No. 90 /2016/F.No.370142/26/2016-TPL] DR. T. S. MAPWAL, Under Secy.
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Note: The principal rules were published vide Notification S.O. 969 (E), dated 26th March, 1962 and last amended vide Notification S.O. 3145(E), dated 04th October, 2016.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. HARINDRA KUMAR Digitally signed by HARINDRA KUMAR Date: 2016.10.07 11:11:13 +05'30'
