CBDT amends Income Tax Rules to provide for Safe Harbour Rules under Section 92CB for AY 2025-26

The Central Board of Direct Taxes (CBDT) has amended the Income tax Rules to provide for Safe Harbour Rules under Section 92CB for AY 2025-26. CBDT notified this via a notification.

The Notification Read as Follows:

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:

These rules may be called the Income-tax (Sixth Amendment) Rules, 2025. They shall come into force on the date of their publication in the Official Gazette.

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.

For Official Notification Download PDF Given Below: