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<h1>New Income Tax Rules 6AAD & 6AAE: Approval Process for Agricultural Projects Under Section 35CCC Explained</h1> The Central Board of Direct Taxes has amended the Income-tax Rules, 1962, by introducing Rules 6AAD and 6AAE, along with Forms 3C-O and 3CP, under the Income-tax (Fourth Amendment) Rules, 2013. These amendments outline the process for approval and notification of agricultural extension projects under Section 35CCC of the Income-tax Act, 1961. Key requirements include prior approval from the Ministry of Agriculture, a minimum expenditure threshold, and the maintenance of separate audited accounts. The amendments also specify the conditions for project notification, the process for application, and the responsibilities of the assessee in maintaining project integrity and compliance.