Approval of application under section 80-O of the Income-tax Act, 1961-Modification of procedure

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..... 1975*, wherein the form of application to be filed before the Central Board of Direct Taxes under section 80-O of the Income-tax Act, 1961, was prescribed. 2. By an amendment made to this section by the Finance Act, 1988, it has now been provided that the application for approval of the agreement should be made in the prescribed form and verified in the prescribed manner. Vide Notification No. .....

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..... in the prescribed form should be filed before the concerned Chief Commissioner/Director-General of Income-tax. As per the present practice, the application along with enclosures signed by the person authorised to sign the return of income on behalf of the applicant should be filed in triplicate. 5. The Chief Commissioners/Directors-General of Income-tax may please bring the contents of this circ .....

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