G.S.R. 627(E).\u2014In exercise of the powers conferred by second proviso to clause (i) sub-section (1) of section 142 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 Income-tax Rules, 1962, namely:-<\/p>\n
1. Short title and commencement.<\/strong>– (1) These rules may be called the Income-tax (29th Amendment) Rules, 2021.<\/p>\n (2) They shall come into force from the date of its publication in the Official Gazette<\/p>\n 2. In the Income-tax Rules, 1962, after rule 12E, the following rule shall be inserted, namely:-<\/p>\n \u201c12F. Prescribed income- tax authority under second proviso to clause (i) of sub-section (1) of section 142.- The prescribed income-tax authority under second proviso to clause (i) of sub-section (1) of section 142 shall be an income-tax authority not below the rank of Income-tax Officer who has been authorised by the Central Board of Direct Taxes to act as such authority for the purposes of that clause.\u201d.<\/p>\n SHEFALI SINGH, Under Secy., Tax Policy and Legislation<\/p>\n Note : The principal rules were published vide notification S.O. 969(E), dated the 26th March, 1962 and <\/p>\n
\nlast amended vide notification GSR 623(E), dated the 10th September, 2021.<\/p>\n