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<h1>Assessing Officer Can Issue Certificate for Lower or No Tax Deduction Under Rule 28AA of Income Tax Rules.</h1> Rule 28AA of the Income Tax Rules, 1962, allows an Assessing Officer to issue a certificate for the deduction of tax at lower rates or no deduction from income other than dividends. This is based on an application and the existing and estimated tax liabilities of the applicant. The certificate is valid for a specified period unless canceled and is issued directly to the person responsible for deducting tax. The Principal Director General of Income-tax (Systems) is responsible for setting procedures and ensuring security for these certificates. The rule has undergone several amendments to refine its application and validity.