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)
Return of interest paid rule omitted, removing the provision from Income tax Rules and altering reporting obligations. The provision concerning Return of interest paid-Rule 116 of the Income tax Rules, 1962-was omitted by the Income tax (Fifth Amendment) Rules, 1989, removing the specific reporting requirement formerly imposed on payers of interest and thereby repealing the procedural obligation previously set out in that rule.
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.
Return of interest paid rule omitted, removing the provision from Income tax Rules and altering reporting obligations.
The provision concerning Return of interest paid-Rule 116 of the Income tax Rules, 1962-was omitted by the Income tax (Fifth Amendment) Rules, 1989, removing the specific reporting requirement formerly imposed on payers of interest and thereby repealing the procedural obligation previously set out in that rule.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.