Income-tax (3rd Amendment) Rules, 2014

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....te. 2. In the Income-tax Rules, 1962,-     (a) for rule 6AAD, the following rule shall be substituted, namely:- 6AAD. Guidelines for approval of agricultural extension project under section 35CCC,-     (1) The agricultural extension project shall be considered for notification if it fulfils all of the following conditions, namely:-         (i) the project shall be undertaken by an assessee for training, education and guidance of farmers;         (ii) the project shall have prior approval of the Ministry of Agriculture, Government of India; and         (iii) an expenditure (not being expe....

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....ch intimation or within such further period as may be extended by the Central Board of Direct Taxes, on an application made in this behalf by the applicant, so however, that the total period for removal of defect does not exceed thirty days, and if the applicant fails to remove the defect within such period as allowed, the Central Board of Direct Taxes shall pass an order treating the application as invalid.     (6) If the application form is complete in all respects, the Central Board of Direct Taxes shall, within a period of one month from the end of the month in which it receives the application form complete in all respects, issue under sub-section (1) of section 35CCC, a notification in form No. 3CP to be published in....

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....e (9) shall be sent to the applicant, the Ministry of Agriculture, Government of India, the Commissioner of Income-tax or the Director of Income-tax, as the case may be, the Department of Agriculture of the concerned State and the Agricultural Technology Management Agency of the concerned District.     (11) The Central Board of Direct Taxes may, on being satisfied that the assessee has ceased its activities, or that its activities are not genuine or that its activities are not being carried out in accordance with all or any of the relevant provisions of the Act or this rule or rule 6AAE, or its activities are not being carried out in accordance with all or any of the conditions subject to which the notification was issued,....