RULE 115 INCOME-TAX RULES 2026 RULE 115 INCOME-TAX RULES 2026 Revision of an agreement. 115. (1) An agreement, subsequent to it having been entered into, may be revised by the Board, if,— (a) there is a change in critical assumptions or failure to meet a condition subject to which the agreement has been entered into; or… Read More »
Section 354 Income Tax Act 2025 6. -Approval for purpose of deduction under section 133(1)(b)(ii) Application for approval for purpose of section 133(1)(b)(ii). 354. (1) A registered non-profit organisation or a person referred to in Schedule VII (Table: Sl. No. 1) may, for the purpose of section 133(1)(b)(ii), make an application for approval in such form and… Read More »
RULE 113 INCOME-TAX RULES 2026 Furnishing of annual compliance report. 113. (1) The assessee shall furnish an annual compliance report to the Principal Chief Commissioner of Income-tax (International Taxation) for each year covered in the agreement. (2) The annual compliance report shall be in Form No. 52. (3) The assessee shall file the annual compliance report… Read More »
Section 360 Income Tax Act 2025 Powers of Joint Commissioner (Appeals) or Commissioner (Appeals). 360. (1) In disposing of an appeal, the Commissioner (Appeals) or the Joint Commissioner (Appeals), shall have the following powers:— (a) in an appeal against an order of assessment, he may confirm, reduce, enhance or annul the assessment; (b) where such appeal… Read More »
Section 359 Income Tax Act 2025 Procedure in appeal. 359. (1) The Joint Commissioner (Appeals) or the Commissioner (Appeals) shall fix a day and place for the hearing of the appeal, and shall give notice of the same to the appellant and to the Assessing Officer against whose order the appeal is preferred. (2) The following… Read More »
Section 358 Income Tax Act 2025 Form of appeal and limitation. 358. (1) Every appeal under this Chapter shall be in such form and verified in such manner, as may be prescribed. (2) An appeal referred to in sub-section (1), made to the Commissioner (Appeals) or to the Joint Commissioner (Appeals), shall be accompanied by a… Read More »
Section 357 Income Tax Act 2025 Appealable orders before Commissioner (Appeals). 357. Any assessee or any deductor or any collector, aggrieved by any of the following orders, may appeal to the Commissioner (Appeals) against— (a) an order passed by a Joint Commissioner under section 231(4)(b); or (b) an order against the assessee where the assessee denies his… Read More »
Section 356 Income Tax Act 2025 CHAPTER XVIII Appeals, revisions and alternate dispute resolutions A.-Appeals 1. -Appeals to Joint Commissioner (Appeals) and Commissioner (Appeals) Appealable orders before Joint Commissioner (Appeals). 356. (1) Any assessee or any deductor or any collector, aggrieved by any of the following orders of an Assessing Officer (below the rank of Joint… Read More »
Section 355 Income Tax Act 2025 7. -Interpretation Interpretation. 355. For the purposes of this Part,— (a) “anonymous donation” means any voluntary contribution referred to in section 2(49)(c), where a person receiving such contribution does not maintain a record of the identity indicating the name and address of the person making such contribution and such other particulars,… Read More »
Section 353 Income Tax Act 2025 Other violations. 353. (1) Where any registered non-profit organisation— (a) fails to maintain books of account under section 347; or (b) fails to get books of account audited under section 348; or (c) fails to furnish its return of income under section 349; or (d) carrying out advancement of any other object of… Read More »