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Date: 27-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

corrigendum to notification no. 104 of 2024 published in the Gazette vide G.S.R. 584(E) dated the 20th September, 2024.

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Description of the Gazette Notification

  • This is a corrigendum (correction) to a previous notification (G.S.R. 584(E) dated September 20, 2024) regarding Income Tax rules published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i). The corrigendum clarifies and amends certain formulas and phrases within specified schedules of the original notification.
  • The notification, issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes (CBDT), corrects errors in several schedules (V, XII, XX, XXI, XXII, XXIII, XXIV, XXV, XXVI) related to income tax appeals.

Key Changes

  • Specific phrases, "OR to be filed" and "or appeal to be filed", are omitted from various schedules (Schedule V, Schedule XII, and Schedules XX-XXVI).
  • The last term of certain formulas, represented as [+(figure)*B] and [+(figure)*C], are removed from Schedules XII and Schedules XX-XXVI respectively. These formulas appear to be related to calculations for new and old appellant cases.
  • The corrections affect page numbers 28, 29, 31, and 32 of the original notification (G.S.R. 584(E)).
  • The corrigendum is numbered G.S.R. 601(E) and issued on September 27, 2024, by the Ministry of Finance.

Impact Analysis

Impact on Taxpayers

  • It is recommended that taxpayers review the corrected schedules to ensure compliance with the amended rules.

Impact on Tax Professionals

  • Updated resources and guidance materials will be necessary to reflect the corrections.

Impact on the CBDT

  • The CBDT might need to update its internal systems and processes to reflect the changes.

Suggested Action Items

  • Tax professionals should update their resources and advise their clients on the implications of the corrections.

Key Entities Referenced

Ministry of Finance, Department of Revenue, Central Board of Direct Taxes (CBDT): The issuing authority of the notification and corrigendum. Responsible for the administration of direct taxes in India. Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i): The official publication where the original notification and the corrigendum were published. G.S.R. 584(E) (September 20, 2024): The original notification which the corrigendum amends. G.S.R. 601(E) (September 27, 2024): The corrigendum number.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-27092024-257564 CG-DxLx-xEG-I2D7H0x9x2x0 24-257564 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 559] नई दिल्ली, िुक्रिार, जसतम्ब र 27, 2024/आज‍ि न 5, 1946 No. 559] NEW DELHI, FRIDAY, SEPTEMBER 27, 2024/ASVINA 5, 1946 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केन्द्रीय प्रत्यक्ष कर बोडड) िजु िपत्र नई दिल् ली, 27 जसतम्ब र, 2024 आय-कर सा.का.जन. 601(अ).—भारत सरकार, जित्त मंत्रालय, रािस्ट्ि जिभाग, (केंरीय प्रत्यक्ष कर बोडड) की अजधसूचना, िो भारत के रािपत्र, असाधारण, भाग-II, खंड 3, उप-खंड(i) म ें सा.का.जन 584(अ) दिनाकं 20 जसतम्बर, 2024 द्वारा प्रकाजित की गई ह;ै (i) पृष्ठ संख्या 9 पर, अनुसूची V म,ें पंजि क म,ें िब्ि "या फाईल की िानी ह"ै को हटा दिया िाएगा; (ii) पृष्ठ 11 पर, अनुसूची XII म,ें पंजि भ और पंजि म में, नए अपीलकता ड मामल े और पुरान े अपीलकता ड मामले के जलए सूत्र के अंजतम िब्ि [+ (आंकडा)*ख] के रूप में ििाडया गया ह,ै को हटा दिया िाएगा; 6306 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (iii) पृष्ठ 15,16 और 17 पर, अनसु ूची XX, XXI, XXII, XXIII, XXIV, XXV और XXVI म,ें उनकी संबंजधत पंजि भ और पंजि म म,ें नए अपीलकताड मामले और पुराने अपीलकताड मामले के जलए सूत्र के अंजतम िब्ि [+(आंकडा)*ग] के रूप म ेंििाडया गया ह,ै को हटा दिया िाएगा। [अजधसूचना स.ं 105 /2024, फा. सं. 370142/16/2024-टीपीएल] सुरबेंि ुठाकुर, अिर सजचि नोट: मूल जनयम रािपत्र, असाधारण, भाग-II, खंड 3, उप-खडं (i) म ें सा.का.जन 584(अ) दिनांक 20 जसतम्बर, 2024 द्वारा प्रकाजित दकय े गए ह।ैं MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 27th September, 2024 INCOME-TAX G.S.R. 601(E).—In the notification of the Government of India, Ministry of Finance, Department of Revenue, (Central Board of Direct Taxes) published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub- Section (i), vide G.S.R. 584(E) dated the 20th September, 2024:–– (i) at page number 28, in schedule V, in row A, the words “OR to be filed” shall be omitted; (ii) at page number 32, in Schedule XXIII, in row A, the words “or appeal to be filed” shall be omitted; (iii) at page 29, in schedule XII in row X and row Y, last term of the formula represented in the form of [+(figure)* B], for new appellant case and old appellant case shall be omitted; (iv) at page 31 and 32, in schedules XX, XXI, XXII, XXIII, XXIV, XXV and XXVI, in their respective row X and row Y, last term of the formula represented in the form of [+(figure)*C], for new appellant case and old appellant case shall be omitted. [Notification No. 105/2024, F. No. 370142/16/2024-TPL] SURBENDU THAKUR, Under Secy. Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II Section-3, Sub-Section (i) vide number G.S.R. 584(E) dated the 20th September, 2024. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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