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CBDT amends rules to expand scope of safe harbour rule
By TII News Service
Mar 25, 2025 , New Delhi

    
Untitled Document

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
NEW DELHI

NOTIFICATION NO

21/2025; Dated: March 25, 2025

G.S.R. 193(E). - In exercise of the powers conferred by section 295 read with sub-section (2) of section 92CB 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. (1) These rules may be called the Income-tax (Sixth Amendment) Rules, 2025.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Income-tax Rules, 1962,-

(a) in rule 10TA, in clause (b),-

I. in sub-clause (iii), at the end, the word "or" shall be inserted;

II. after sub-clause (iii), the following sub-clause shall be inserted, namely:-

"(iv) lithium ion batteries for use in electric or hybrid electric vehicles.";

(b) in rule 10TD,-

I. in sub-rule (2A), in the Table,-

(A) in Sl.No. 1, in column number (3), in clause (ii), for the word "two", the word "three" shall be substituted;

(B) in Sl.No. 2, in column number (3), in clause (ii), for the word "two", the word "three" shall be substituted;

(C) in Sl.No. 3, in column number (3), in the opening portion, for the word "two", the word "three" shall be substituted;

(D) in Sl.No. 7, in column number (3), for the word "two", the word "three" shall be substituted;

(E) in Sl.No. 8, in column number (3), for the word "two", the word "three" shall be substituted;

II. in sub-rule (3B), for the words and figures "assessment years 2020-21, 2021-22, 2022-23, 2023-24 and 2024-25", the words and figures "assessment years 2020-21, 2021-22, 2022-23, 2023-24, 2024- 25, 2025-26 and 2026-27" shall be substituted;

(c) in rule 10TE, in sub-rule (2), in the fourth proviso, after the word, figures and letters "rule 10TD", the words "for one assessment year" shall be inserted.

[F. No. 370142/6/2025-TPL]

(Thakur Singh Mapwal)
Director

Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, section 3, sub-section (ii) vide number S.O. 969 (E) dated the 26th March, 1962 and were last amended vide notification number G.S.R. 145(E) dated the 24th February, 2025.

 
 
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