Section 322 Income Tax Act 2025 Company in liquidation. 322. (1) Every person,— (a) who is the liquidator of any company which is being wound up, whether under the orders of a court or otherwise; or (b) who has been appointed the receiver of any assets of a company, (herein referred to as the liquidator), shall,… Read More »
RULE 123 INCOME-TAX RULES 2026 RULE 123 INCOME-TAX RULES 2026 Maintenance and furnishing of information and document by constituent entity of an international group under section 171. 123. (1) Every person, being a constituent entity of an international group shall,— (a) if the consolidated group revenue of the international group, of which such person is a… Read More »
RULE 125 INCOME-TAX RULES 2026 RULE 125 INCOME-TAX RULES 2026 Furnishing of authorisation and maintenance of documents, etc. for the purposes of section 176. 125. (1) For the purposes of section 176(3)(a), the authorisation to be submitted by the assessee, shall be in Form No. 61. (2) The assessee shall cause the first copy of the… Read More »
RULE 124 INCOME-TAX RULES 2026 RULE 124 INCOME-TAX RULES 2026 Furnishing of report in respect of an international group under section 511. 124. (1) The income-tax authority for the purposes of section 511 shall be the Joint Director, as may be designated by the Director General of Income-tax (Systems). (2) The notification under section 511(1) shall… Read More »
RULE 122 INCOME-TAX RULES 2026 RULE 122 INCOME-TAX RULES 2026 Procedure to deal with requests for bilateral or multilateral advance pricing agreements. 122. (1) Where a person has made request for a bilateral or multilateral advance pricing agreement in an application filed in Form No. 51 in accordance with rule 106, the request shall be dealt… Read More »
RULE 121 INCOME-TAX RULES 2026 RULE 121 INCOME-TAX RULES 2026 Application seeking to give effect to terms of any agreement under section 533(2)(p) and procedure for giving effect to decision under agreement. 121. (1) Where an assessee, who is a resident of India, is aggrieved by any action of the tax authorities of any country or… Read More »
RULE 120 INCOME-TAX RULES 2026 Miscellaneous. 120. (1) Mere filing of an application for an agreement under these rules shall not prevent the operation of Chapter X of the Act for determination of arms’ length price under that Chapter till the agreement is entered into. (2) The negotiation between the competent authority of India and the… Read More »
RULE 119 INCOME-TAX RULES 2026 Renewing an agreement. 119. Request for renewal of an agreement may be made as a new application in Form No. 54 for agreement, using the same procedure as outlined in these rules except pre-filing consultation as referred to in rule 105. Read more Income Tax Act 2025 INCOME TAX RULES 2026… Read More »
RULE 118 INCOME-TAX RULES 2026 RULE 118 INCOME-TAX RULES 2026 Relief in tax payable under section 206(1) due to operation of section 206(1)(i). 118. (1) For the purposes of section 206(1)(i), the tax payable by the assessee company under section 206(1), for the tax year referred to in that section, shall be reduced by the following… Read More »
RULE 116 INCOME-TAX RULES 2026 RULE 116 INCOME-TAX RULES 2026 Cancellation of an agreement. 116. (1) An agreement shall be cancelled by the Board for any of the following reasons: (a) the compliance audit referred to in rule 114 has resulted in the finding of failure on the part of the assessee to comply with the… Read More »