Notification regarding the Relaxation of Validation (Section 119 of the Finance Act, 2012) Rules, 2021 (dated – 14.10.2021) – Ministry of Finance
View PdfNotification regarding the Relaxation of Validation (Section 119 of the Finance Act, 2012) Rules, 2021 (dated – 14.10.2021) – Ministry of Finance.
- Form and manner of furnishing undertaking under first proviso to section 119.- The form and manner of furnishing undertaking under Explanation to fifth and sixth proviso to Explanation 5 to clause (i) of sub-section (1) of section 9 of the Income-tax Act, 1961 (43 of 1961), as prescribed under sub-rule (1) and sub-rule (3) of rule 11UE and rule 11UF of the Income-tax Rules, 1962, shall mutatis mutandis apply to clauses (i), (ii) and (iii) of the first proviso to section 119 of the Finance Act, 2012 (23 of 2012).
- Conditions under clause (iv) of first proviso to section 119.- The conditions for the purposes of clause (iv) of the Explanation to fifth and sixth proviso to Explanation 5 to clause (i) of sub-section (1) of section 9 of the Income tax Act, 1961 (43 of 1961), as prescribed under sub-rule (2) of rule 11UE of the Income-tax Rules, 1962, shall mutatis Mutandis apply to clause (iv) of the first proviso to section 119 of the Finance Act, 2012 (23 of 2012).
- This notification has come into effect from 14.10.2021.
