CBDT amends Income Tax Rules regarding Income Tax Return verification and Authorised Representative during CIRP and Liquidation – GSR 578(E) dated 18.08.2021
CBDT inserts two new rules in Income-tax Rules, 1962, namely Rule 12AA-Prescribed person for the purposes of clause (c) and clause (cd) of section 140 and Rule 51B-Appearance by Authorised Representative in certain cases i.e. for the purpose of clause (c) or clause (cd) of section 140 and for the purposes of clause (viii) of sub-section (2) of section 288, any other person shall be the person, appointed by the Adjudicating Authority for discharging the duties and functions of an interim resolution professional, a resolution professional, or a liquidator, as the case may be, under the Insolvency and Bankruptcy Code, 2016 and the rules and regulations made thereunder.