Income-tax (Fourteenth Amendment) Rules 2002

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....after rule 5, the following rule shall be inserted, namely:- "5A. Form of report by an accountant for claiming deduction under section 32(1)(iia). The report from an accountant which is required to be furnished by the assessee under the third proviso to clause (iia) of sub-section (I) of section 32 shall be in Form No. 3AA."; (b) the existing rule 5A shall be renumbered as rule 5AA; (c) in rule 5AB, for the words, figure and letters "Form N0.3AA", the words, figure and letters "Form No. 3AAA" shall be substituted; (ii) in Appendix II,- (a) after Form No. 3A, the following Form shall be inserted, namely:- 'FORM N0.3AA [See rule 5A] Report under section 32(I)(iia) of the Income-tax Act, 1961 1. I/we have examined....

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....determined on the basis of new machinery an plant acquired and installed by the assesse during the course of substantial expansion by way of increase in installed capacity of the industrial undertaking .existing before the 1st day of April, 2002. The said amount has been worked out on the basis of the details given in Annexure B to this Form. 4. I/we, therefore, certify that the total deduction to be claimed by the assessee under clause (iia) of sub-section (1) of section 32 in respect of the assessment year .................... is Rs........................... In my/our opinion and to the best of my/our information and according to the information given to me/us, the particulars given above are true and correct. ......................

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.... person whom from plant/machinery was acquired Details of plant or machinery Date on which purchased Date of installation Actual cost of the asset 1 2 3 4 5 6                           ANNEXURE B [See paragraph 3 (b) of Form No. 3AA] Details relating to the claim by the assessee in cases of substantial expansion by way of increase in installed capacity in case of an industrial existing before 1st day of April, 2003 Part A 1.Name of the assessee 2.Assessment year 3.Business relating to manufacture or production of 4.Total installed capacity as on 31st day of March, 2002 5.Year in ....