TaxTMI 
TaxTMI 
Income-tax (6th Amendment), Rules, 2004
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....Rules, 1962, namely:- 1. (1) These rules may be called the Income-tax (6th Amendment), Rules, 2004. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962,- (A) for rule 2E, the following rule shall be substituted; "2E. Guidelines for approval under clause (23G) of section 10.- (1) An application for approval shall be made on ....
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....of the previous year in which the application has been made: Provided that an application made under sub-rule (1) may be accompanied by the balance sheets and profit and loss accounts for less than three previous years where an enterprise has been formed at any time during the three previous years immediately preceding the previous year in which the application has been made and also for the rele....
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....pportunity of being heard has been given to the enterprise. (6) Every enterprise approved under sub-rule (5) shall maintain books of account and get such books audited by an accountant, as defined in Explanation to sub-section (2) of section 288 and furnish the report of such audit duly signed and verified by such accountant to the Chief Commissioner of Income-tax under whose jurisdiction it is a....
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.... shall withdraw the approval granted under sub-rule (5). Provided that no order withdrawing the approval shall be passed unless an opportunity of being heard has been given to the enterprise. Explanation; For the purposes of this rule,-(a) the expression "enterprise" means any enterprise wholly engaged in the eligible business; (b) the expression "eligible business" means the business referred ....