{"id":1020,"date":"2021-05-03T09:39:20","date_gmt":"2021-05-03T09:39:20","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=1020"},"modified":"2021-05-03T09:39:23","modified_gmt":"2021-05-03T09:39:23","slug":"cbdt-notifies-form-no-34bb-for-making-request-to-withdraw-application-pending-before-settlement-commission","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/cbdt-notifies-form-no-34bb-for-making-request-to-withdraw-application-pending-before-settlement-commission\/","title":{"rendered":"CBDT notifies Form No.34BB for making request to withdraw application pending before Settlement Commission"},"content":{"rendered":"\n<p class=\"has-text-align-center\">New Delhi, the 30th April, 2021<\/p>\n\n\n\n<p><strong>G.S.R. 301(E).<\/strong>\u2014In exercise of the powers conferred by sub-section (1) of section 245M read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules<br>further to amend Income-tax Rules, 1962, namely:-<\/p>\n\n\n\n<ol class=\"is-style-none wp-block-list\"><li><strong>1.<\/strong> Short title and commencement.- (1) These rules may be called the Income tax (12th Amendment) Rules, 2021.<\/li><li>(2) They shall come into force from the date of its publication in the Official Gazette.<\/li><\/ol>\n\n\n\n<ol start=\"2\" class=\"is-style-none wp-block-list\"><li><strong>2.<\/strong> In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), after rule 44D, the following rule shall be inserted, namely:\u2014<\/li><\/ol>\n\n\n\n<p>\u201c<strong>44DA. Exercise of option under sub-section (1) of section 245M and intimation thereof<\/strong>.- (1) The exercise of option by an assessee to withdraw his pending application under sub-section (1) of section 245M shall be in Form No. 34BB.<\/p>\n\n\n\n<p>(2) Form No. 34BB shall be verified by the person who is authorised to verify the return of income of the assessee under section 140.<\/p>\n\n\n\n<p>(3) Form No. 34BB shall be furnished electronically in accordance with the procedures, formats and standards specified by the Principal Director General of Income-tax (Systems) or Director-General of Income-tax (Systems), as the case may be, and thereafter signed printout of the said form shall be uploaded in the manner specified by the Principal Director General of Income-tax (Systems) or Director-General of Income-tax (Systems), as the case may be, under sub-rule (4).<\/p>\n\n\n\n<p>(4) The Principal Director-General of Income-tax (Systems) or Director General of Income-tax (Systems), as the case may be, shall specify the procedures, formats and standards for the purposes of furnishing and verification and manner of uploading of Form No. 34BB.\u201d.<\/p>\n\n\n\n<p><strong>3.<\/strong> In the principal rules, in Appendix-II, after Form No. 34BA, the following Form shall be inserted, namely:\u2014<\/p>\n\n\n\n<p><strong>To Read More&#8230;..<br>Click the link below&#8230;..<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.dropbox.com\/s\/d4nu1oyigxi603k\/notification_%2040_2021%2Cincometax.pdf?dl=0\">https:\/\/www.dropbox.com\/s\/d4nu1oyigxi603k\/notification_%2040_2021%2Cincometax.pdf?dl=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, the 30th April, 2021 G.S.R. 301(E).\u2014In exercise of the powers conferred by sub-section (1) of section 245M read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rulesfurther to amend Income-tax Rules, 1962, namely:- 1. Short title and commencement.- (1) These [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,11],"tags":[75,76],"class_list":["post-1020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-tax","category-notifications","tag-75","tag-incometax-notification"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=1020"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1020\/revisions"}],"predecessor-version":[{"id":1021,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1020\/revisions\/1021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/122"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=1020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=1020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=1020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}