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of <h1>Central Government Rules Empowered to Implement Income-tax Act Including Assessments and Appeals Procedures</h1> The Board, under the control of the Central Government, is empowered to make rules by notification for implementing the Income-tax Act across India. These rules may cover various aspects including determination and ascertainment of income, valuation of taxable perquisites, depreciation rates, conditions for allowance of expenditures, procedures for filing returns and appeals, and regulations related to non-residents and individuals liable under specific provisions. The rules may also address the manner of verification of documents, refund procedures, interest calculations, and the functioning of appellate authorities. Additionally, rules can prescribe forms, fees, and the maintenance of registers for practitioners. Where income cannot be precisely determined, rules may provide estimation methods, which are deemed valid assessments. The rule-making power includes retrospective application from the Act's commencement date, provided it does not adversely affect assessee interests.
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