Income–tax (10th Amendment) Rules, 2018

Oct 24, 2018 | by Avantis RegTech Legal Research Team


The Central Board of Direct Taxes (CBDT) on October 23, 2018 has published Income–tax (10th Amendment) Rules, 2018 further to amend Income-tax Rules, 1962.

In the Income-tax Rules, 1962, the following amendments have been made:

·         In Rule 47, which gives the form of appeal and memorandum of cross-objections to Appellate Tribunal, in sub-rule (1) and sub-rule (2), for the words, brackets and figure “sub-rule (2)”, the words, brackets and figure “sub-rule (3)” shall respectively be substituted. Therefore the amended Rules shall be read as:

“(1) An appeal under sub-section (1) or sub-section (2) of section 253 to the Appellate Tribunal shall be made in Form No. 36, and where the appeal is made by the assessee, the form of appeal, the grounds of appeal and the form of verification appended thereto shall be signed by the person specified in sub-rule (3) of rule 45.

(2) A memorandum of cross-objections under sub-section (4) of section 253 to the Appellate Tribunal shall be made in Form No. 36A, and where the memorandum of cross-objection is made by the assessee, the form of memorandum of cross-objections, the grounds of cross-objections and the form of verification appended thereto shall be signed by the person specified in sub-rule (3) of rule 45.”

·         Substitution of:

1.       Form 36: Form of appeal to the Appellate Tribunal; and

2.       Form 36A-Form of memorandum of cross-objections to the Appellate Tribunal.

 

These Rules have come into force on the date of their publication in the Official Gazette, that is on October 23, 2018.

[G.S.R 1054(E)]

URL: http://egazette.nic.in/WriteReadData/2018/191457.pdf

 

 

 


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