Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Audit and inventory valuation report forms standardised for assessment procedure under income tax rules. Report forms for audit and inventory valuation required under section 142(2A) are prescribed under the Income-tax Rules. Audit reports of an assessee's accounts under clause (i) must be furnished in Form No. 6B, while inventory valuation reports under clause (ii) must be furnished in Form No. 6D. The rule standardises the formats to be used for the two distinct reporting requirements arising in assessment procedure.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Audit and inventory valuation report forms standardised for assessment procedure under income tax rules.
Report forms for audit and inventory valuation required under section 142(2A) are prescribed under the Income-tax Rules. Audit reports of an assessee's accounts under clause (i) must be furnished in Form No. 6B, while inventory valuation reports under clause (ii) must be furnished in Form No. 6D. The rule standardises the formats to be used for the two distinct reporting requirements arising in assessment procedure.
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