CBDT: Income-tax (Ninteenth Amendment) Rules, 2023

Last updated: 29 August 2023

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The Central Board of Direct Taxes (CBDT) has issued the Income-tax (Nineteenth Amendment) Rules, 2023. These rules introduce new procedures for requisitioning services and making references under sub-sections (2) and (9D) of Section 132 of the Income-tax Act, 1961. The amendments specify how Principal Chief Commissioners or Directors General can approve persons or entities whose services may be requisitioned, and also those to whom references can be made, including registered valuers.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 28th August, 2023

G.S.R. 630(E).— In exercise of the powers conferred by sub-section (2) and sub-section (9D) of section 132 read with section 295 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. Short title and commencement. - (1) These rules may be called the Income-tax (Ninteenth Amendment) Rules, 2023.
(2) They shall come into force with effect from the date of their publication in the Official Gazette.

2. In the Income-tax Rules, 1962 (hereinafter referred as the Principal Rules), after rule 12F, the following rule shall be inserted, namely:––

“13. Procedure to requisition services under sub-section (2) and to make a reference under sub-section (9D) of section 132.–– (1) Every Principal Chief Commissioner or the Chief Commissioner or the Principal Director General or the Director General, as the case may be, may approve––

(i) any person or entity whose services may be requisitioned for the purposes of clause (ii) of sub-section (2) of section 132; or

(ii) any person or entity or registered valuer to whom reference may be made for the purposes of clause (ii) of sub-section (9D) of section 132,

For Full notification please refer to the attachment

FAQ :

These are new rules made by the Central Board of Direct Taxes (CBDT) to further amend the Income-tax Rules, 1962, concerning procedures related to Section 132 of the Income-tax Act.

The rules come into force from the date of their publication in the Official Gazette.

These rules make amendments related to sub-section (2) and sub-section (9D) of Section 132 of the Income-tax Act, 1961.

The rules introduce a new Rule 13, detailing the procedure to approve persons or entities whose services may be requisitioned, and to whom references can be made under Section 132(2) and 132(9D).

Any Principal Chief Commissioner or Chief Commissioner or Principal Director General or Director General, as the case may be, can approve these actions.

Yes, the rules allow for registered valuers to be among the persons to whom references may be made for the purposes of Section 132(9D).