Income-tax (8th Amendment) Rules, 2019 - Approving Panel - Power of AO to refer the matter to Pr. CIT or CIT where he considers that it is necessary to declare an arrangement as an impermissible avoidance arrangement

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.... OF DIRECT TAXES) NOTIFICATION NO. 67/2019 New Delhi, the 17th September, 2019 (INCOME-TAX) G.S.R. 662(E).-In exercise of the powers conferred by sub-sections (18) and (21) of section 144BA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. Short t....

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.... rule 10UD shall be caused to be circulated by the Chairperson of the said Panel among the other members within seven days from the date of receipt of such reference. (2) The Chairperson of the Approving Panel shall cause to be issued the notice to the Assessing Officer and the assessee affording an opportunity of being heard specifying therein the date and place of hearing. (3) ....

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....ted, namely:- "Form No 3CEIA [See rule 10UD] Form for making reference to the Approving Panel under sub-section (4) of section 144BA of the Income-tax Act, 1961 To, The Chairperson Approving Panel ............................ ............................ Madam/ Sir, Whereas I have received the reference from the Assessing Officer under sub-sect....