MEMORANDUM REGARDING DELEGATED LEGISLATION

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....ny difficulty arising in giving effect to the provisions of the sub-clauses (9) and (12) of the said clause. 4. Sub-clause (2) of clause 205 of the Bill empowers the Board to issue guidelines with the prior approval of the Central Government for removing any difficulty arising in giving effect to the provisions of the item (b) or (c) or (d) of the said sub-clause. 5. Sub-clause (8) of clause 267 of the Bill empowers the Board to issue guidelines with the prior approval of the Central Government for removing any difficulty arising in giving effect to the provisions of the said clause. 6. The Bill seeks to make provisions to lay the guidelines referred to in paragraphs 2 to 5 above shall be laid, as soon as may be, after it is made, ....

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....ion may be made and the particulars which such application shall contain and the transactions with respect to which Permanent Account Number shall be quoted on documents relating to such transactions under clause 262; (i) the documents, statements, receipts, certificates or audited reports which may not be furnished along with the return but shall be produced before the Assessing Officer on demand under clause 263 (2)(a); (j) the class or classes of persons who shall be required to furnish the return of income in electronic form; the form and the manner of furnishing the said return in electronic form; documents, statements, receipts, certificates or reports which shall not be furnished with the return in electronic form a....

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....pplication or claim; (s) the manner in which any document required to be filed under the proposed legislation may be verified; (t) the procedure to be followed on applications for refunds; (u) the procedure for calculating interest payable by assessees or by the Government to assessees under the proposed legislation, including the rounding off of periods when a fraction of a month is involved, and specifying the circumstances under which and the extent to which petty amounts of interest payable by assessees may be ignored; (v) the regulation of any matter for which provision is made in clause 420; (w) the form and manner in which any appeal or cross-objection may be filed under the proposed legis....