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TMI BlogIncome-tax (14th Amendment) Rules, 2020.X X X X Extracts X X X X X X X X Extracts X X X X ..... n (2) of section 56 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 (14th Amendment) Rules, 2020. (2) They shall come into force from the 1st day of April, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nts including documents evidencing payment of consideration for conferring or recognising right of ownership or transfer or mortgage in regard to such immovable property in favour of such resident. Explanation.-For the purposes of this sub-rule,- (a) resident means a person having physical possession of property on the basis of a registered sale deed or latest set of Power of Attorney, Agr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctors of such company and has appointed new directors nominated by the Central Government under section 242 of the said Act; and (ii) share of company and its subsidiary and the subsidiary of such subsidiary has been received pursuant to a resolution plan approved by the Tribunal under section 242 of the Companies Act, 2013 after affording a reasonable opportunity of being heard to the jurisdic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it in sub-clause (b) of clause (1) of paragraph 2 of the Scheme; (b) investor bank shall have the same meaning as assigned to it in sub-clause (c) of clause (1) of paragraph 2 of the Scheme; (c) reconstructed bank shall have the same meaning as assigned to it in sub-clause (d) of clause (1) of paragraph 2 of the Scheme; (d) Scheme means Yes Bank Limited Reconstruction Scheme, 2020 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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