Central Board of Direct Tax (CBDT) amends Income-Tax Rules, 1962
The Notification bearing no. 93/2021/F.No. 370142/34/2021-TPL(Part III) issued by the CBDT on 18th August, 2021 amended Income-Tax Rules, 1962 ( referred to as ‘Principal rules’). The CBDT inserted Rule 12 AA and 51B in the Principal Rules which allows the resolution professional or liquidator, as the case may be, to verify details of documents given by an assessee for the purpose of filing their income tax returns in order to investigate on matters of Insolvency and Bankruptcy as provided in the Insolvency & Bankruptcy Code, 2016 ( ‘Code’). Earlier Section 140 of Income Tax Act, 1961 sub clause (c) and (cd) provided for any other person appointed by Board for verification of the returns. The said amendment seeks to bridge the gap between the Code and the Income Tax Act, 1961.
 Notification dated 18th August, 2021 https://www.incometaxindia.gov.in/news/notification_93_2021.pdf