Income-tax (29th Amendment) Rules, 2021 - Inquiry before assessment - Prescribed income- tax authority under second proviso to clause (i) of sub-section (1) of section 142 - 109/2021 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 109/2021 New Delhi, the 13th September, 2021 G.S.R. 627(E). -In exercise of the powers conferred by second proviso to clause (i) sub-section (1) of section 142 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 Income-tax Rules, 1962 , namely:- 1. Short title and commencement .- (1) These rules may be called the Income-tax (29th Amendment) Rules, 2021. (2) They shall come into force from the date of its publication in the Official Gazette. 2. In the Income-tax Rules, 1962 , after rule 12E , the following rule shall be inserted, namely:- 12F. Prescribed income- tax authority under second proviso to clause (i) of sub-section (1) of section 142 .- The prescribed income-tax authority under second proviso to clause (i) of sub-section (1) of section 142 shall be an income-tax authority not below the rank of Income-tax Officer who has been authorised by the Central Board of Direct Taxes to act as such authority for the purposes of that clause. . [F. No. 370142/27/2021-TPL (Part I)] SHEFALI SINGH, Under Secy., Tax Policy and Legislation Note : The principal rules were published vide notification S.O. 969(E), dated the 26th March, 1962 and last amended vide notification GSR 623(E), dated the 10th September, 2021.