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<h1>Income-tax Rules Amended: Principal Commissioner Now Prescribed Authority for Section 10(23C) Applications; Affects Rules 2C, 2CA, 11AA.</h1> The Income-tax (11th Amendment) Rules, 2014, amend various provisions of the Income-tax Rules, 1962. Key changes include designating the Principal Commissioner or Commissioner as the prescribed authority for certain applications under section 10, clause (23C) of the Income-tax Act, effective from a specified date. Amendments affect rules 2C, 2CA, and 11AA, along with Forms 10A, 56, and 56D. The amendments redefine the roles of tax authorities in processing applications related to funds, trusts, institutions, and other entities, specifying procedures for applications filed before and after the specified date.