Amendment of Income tax Rules to provide for safe Harbour Rules under section 92CB for AY 2025 26

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-25032025-261944 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 158] NEW DELHI, TUESDAY, MARCH 25, 2025/CHAITRA 4, 1947 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th March, 2025 No. 21/2025 INCOME-TAX 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.