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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Income-tax Rules Amendments: New Procedures and Forms for Valuation and Requisitioning Services u/s 132.</h1> The Income-tax (Nineteenth Amendment) Rules, 2023, effective from August 28, 2023, introduce amendments to the Income-tax Rules, 1962. These amendments involve procedures for requisitioning services and making references under section 132 of the Income-tax Act, 1961. The rules specify the approval process for individuals or entities whose services may be requisitioned, including registered valuers. The amendments also outline the valuation process for properties under sub-section (9D) of section 132, detailing how fair market value is determined for various types of properties. New forms, Form No. 6C and Form No. 6CA, are introduced for application and valuation reporting purposes.