Notification No. 25/2020 [F.No. 370142/14/2020-TPL]/GSR 304(E) : Amendment of the Income-tax Rules, 1962 to provide for Safe Harbour Rules

Amending instruction, verbatim:

(i)
in rule 10TD, after sub-rule (3A), the following rule shall be inserted, namely:—
“(3B) The provisions of sub-rules (1) and (2A) shall apply for the assessment
year 2020-21”;
(ii)
in rule 10TE, in sub-rule (2), after the third proviso, the following proviso shall be
inserted, namely: ___
“Provided also that nothing contained in this sub-rule shall apply to the option for
safe harbour validly exercised under sub-rule (3B) of rule 10TD.”; and
(iii)
in Appendix II, in Form No 3CEFA, in the heading, in the brackets, for the word
and figure “rule 10” the word, figure and letters “rule 10TE” shall be substituted.
 [Notification No. 25/2020/ F. No. 370142/14/2020-TPL]
NEHA SAHAY, Under Secy. (Tax Policy and Legislation)
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
3
Explanatory Memorandum: It is hereby certified that no person is being adversely affected by
giving retrospective effect to these rules.
Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, section-3,
sub-section (ii) vide number S.O. 969 (E) dated the 26th March, 1962 and were last
amended vide notification number GSR No. 282(E), dated the 06th May, 2020.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.

Merged text is not generated in this deployment; the official document above is the authority.

Amending instruction, verbatim:

(ii)
in rule 10TE, in sub-rule (2), after the third proviso, the following proviso shall be
inserted, namely: ___
“Provided also that nothing contained in this sub-rule shall apply to the option for
safe harbour validly exercised under sub-rule (3B) of rule 10TD.”; and
(iii)
in Appendix II, in Form No 3CEFA, in the heading, in the brackets, for the word
and figure “rule 10” the word, figure and letters “rule 10TE” shall be substituted.
 [Notification No. 25/2020/ F. No. 370142/14/2020-TPL]
NEHA SAHAY, Under Secy. (Tax Policy and Legislation)
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
3
Explanatory Memorandum: It is hereby certified that no person is being adversely affected by
giving retrospective effect to these rules.
Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, section-3,
sub-section (ii) vide number S.O. 969 (E) dated the 26th March, 1962 and were last
amended vide notification number GSR No. 282(E), dated the 06th May, 2020.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.

Merged text is not generated in this deployment; the official document above is the authority.

Amending instruction, verbatim:

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
 NOTIFICATION
New Delhi, the 20th May, 2020
INCOME-TAX
G.S.R. 304(E).— In exercise of the powers conferred by section 295 read with sub-section (2) of
section 92CB 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 (9th
Amendment) Rules, 2020.
(2)
They shall come into force and shall be deemed to have come into force from the 1st
day of April, 2020.
2.
In the Income-tax Rules, 1962,—
(i)
in rule 10TD, after sub-rule (3A), the following rule shall be inserted, namely:—
“(3B) The provisions of sub-rules (1) and (2A) shall apply for the assessment
year 2020-21”;
(ii)
in rule 10TE, in sub-rule (2), after the third proviso, the following proviso shall be
inserted, namely: ___
“Provided also that nothing contained in this sub-rule shall apply to the option for
safe harbour validly exercised under sub-rule (3B) of rule 10TD.”; and
(iii)
in Appendix II, in Form No 3CEFA, in the heading, in the brackets, for the word
and figure

Merged text is not generated in this deployment; the official document above is the authority.