Application for exercise of option under sub-section (5) of section 115BAE of the Income-tax Act, 1961

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..... .............. , on behalf of [name and registered address of the co-operative society exercising the option under sub-section (5) of section 115BAE] . having Permanent Account Number (PAN) ................................................................................... do hereby exercise the option referred to in sub-section (5) of section 115BAE of the Income-tax Act, 1961 for the previous .....

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..... (5) of section 115BAE, once exercised for any previous year, cannot be subsequently withdrawn for the same or any other previous year. 4. I do hereby affirm that- (i) the business has not been formed by splitting up or reconstruction of a business already in existence; (ii) the business does not use any machinery or plant previously used except as provided in Explanation 1 and Explanation .....

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