Income–tax (25th Amendment) Rules, 2016

Last updated: 13 October 2016

Notice Date : 05 October 2016

MINISTRY OF FINANCE

(Department Of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION NO. 90/2016

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:-

1. (1) These rules may be called the Income-tax ( 25th Amendment) Rules, 2016.

(2) They shall come into force on the 1st day of April, 2017.

2. In the Income-tax Rules, 1962 (hereinafter referred to as the said rules), after rule 128, following rule shall be inserted, 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.”.

3. In the said rules, in Appendix-II, after Form No.67, the following form shall be inserted, namely:-

“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

Assessment Year

Section under which assessment/reassessment* order is passed

Date of the assessment/reassessment* order

Date of service of the assessment/reassessment* order

Amount of income assessed as per the assessment/reassessment* order

Tax and interest payable as per notice of demand (in Rs.)

Due date for payment as per notice of demand

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.

Signature

Seal

(wherever applicable)

Place

Date

*Strike off whichever is not applicable”

[F.No.370142/26/2016-TPL]

DR. T. S. MAPWAL, Under Secy.

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.