Guidelines for approval under Section 10(23C)(vi) and (via)
of Income Tax Act
Rule 2CA of Income Tax Rules 1962 defines Guidelines for
approval under Section 10(23C) (vi)(via) of Income Tax Act.
Provisions in Income Tax Rules 1962 related to Rule 2CA is as
under:
Guidelines for approval under sub-clauses (vi) and (via) of
clause (23C) of section 10.
2CA. (1) The prescribed authority under sub-clauses (vi) and
(via) of clause (23C) of section 10 shall be the Chief
Commissioner or Director General, to whom the application shall
be made as provided in sub-rule (2).
(1A) The prescribed authority58 under sub-clauses (vi) and (via)
of clause (23C) of section 10 shall be the Central Board of
Direct Taxes constituted under the Central Boards of Revenue
Act, 1963 (54 of 1963) for applications received prior to 3rd
day of April, 2001:
Provided that in case of applications received prior to 3rd day
of April, 2001 where no order has been passed granting approval
or rejecting the application as on 31st day of May, 2007, the
prescribed authority59a under sub-clauses (vi) and (via) of
clause (23C) of section 10 shall be the Chief Commissioner or
Director General.
(2) An application for approval shall be made in Form No. 56D by
any university or other educational institution or any hospital
or other medical institution referred to in sub-clause (vi) or
sub-clause (via) of clause (23C) of section 10.
(3) The approval of the Central Board of Direct Taxes or Chief
Commissioner or Director General, as the case may be, granted
before the 1st day of December, 2006 shall at any one time have
effect for a period not exceeding three assessment years.
Explanation.-For the purposes of this rule, "Chief Commissioner
or Director General" means the Chief Commissioner or Director
General whom the Central Board of Direct Taxes may, authorise to
act as prescribed authority62, for the purposes of sub-clause
(vi) or sub-clause (via) of clause (23C) of section 10, in
relation to any university or other educational institution or
any hospital or other medical institution.
Rule 1 of Income Tax Rule 1962 - Short Title and Commencement
Rule 2 of Income Tax Rule 1962 - Definitions of Income Tax Rules
Rule 2A Limits for the Purposes of Salary income Income Tax Rules 1962
Rule 3 Valuation of Perquisites to employees and Tax on Perquisites: Rule 3 of Income Tax Rules 1962
Rule 4 Unrealized rent of Income from House Property: Rule 4 of Income Tax Rules 1962
Rule 5AA Prescribed authority for Investment Allowance: Rule 5AA of Income Tax Rules 1962