Ministry of Finance
Notification No. 120/2021 [F. No. 370142/47/2021-TPL] / GSR 737(E) was published on 13 October 2021. Its subject is Ministry of Finance.
The Central Board of Direct Taxes, under the first proviso to section 119 of the Finance Act, 2012, makes the Relaxation of Validation (section 119 of the Finance Act, 2012) Rules, 2021. Rule 2 provides that the form and manner of furnishing the undertaking prescribed under sub-rule (1) and sub-rule (3) of rule 11UE and rule 11UF of the Income-tax Rules, 1962 for the Explanation to the fifth and sixth provisos to Explanation 5 to clause (i) of sub-section (1) of section 9 of the Income-tax Act, 1961 shall apply mutatis mutandis to clauses (i), (ii) and (iii) of the first proviso to section 119 of the Finance Act, 2012. Rule 3 similarly applies the conditions prescribed under sub-rule (2) of rule 11UE to clause (iv) of that first proviso.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 13th October, 2021
INCOME-TAX
G.S.R. 737(E).—In exercise of the powers conferred by the first provisio to section 119 of Finance Act, 2012
(23 of 2012), the Central Board of Direct Taxes hereby makes the following rules, namely:-
1. Short title and commencement. (1) These rules may be called the Relaxation of Validation (section 119 of the
Finance Act, 2012) Rules, 2021.
(2) They shall come into force from the date of their publication in the Official Gazette.
2. Form and manner of furnishing undertaking under first proviso to section 119.- The form and manner of
furnishing undertaking under Explanation to fifth and sixth proviso to Explanation 5 to clause (i) of sub-section (1) of
section 9 of the Income-tax Act, 1961 (43 of 1961), as prescribed under sub-rule (1) and sub-rule (3) of rule 11UE and
rule 11UF of the Income-tax Rules, 1962, shall mutatis mutandis apply to clauses (i), (ii) and (iii) of the first proviso
to section 119 of the Finance Act, 2012 (23 of 2012).
3. Conditions under clause (iv) of first proviso to section 119.- The conditions for the purposes of clause (iv) of
the Explanation to fifth and sixth proviso to Explanation 5 to clause (i) of sub-section (1) of section 9 of the Incometax Act, 1961 (43 of 1961), as prescribed under sub-rule (2) of rule 11UE of the Income-tax Rules, 1962, shall mutatis
mutandis apply to clause (iv) of the first proviso to section 119 of the Finance Act, 2012 (23 of 2012).
[Notification No. 120/2021/ F. No. 370142/47/2021-TPL]
NEHA SAHAY, Under Secy. (Tax Policy and Legislation)
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.
| Rule of the 1962 Rules | Now, in the 2026 Rules |
|---|---|
| Rule 11UE | rule 13 |
| Rule 11UF | no counterpart recorded |
The date of publication in the Official Gazette (13 October 2021).
In furnishing the undertaking that must accompany a claim for relaxation of the validation under section 119 of the Finance Act, 2012, and in the order disposing of that undertaking.
Rules it names. Rule 11UE, 11UF of the Income-tax Rules, 1962. The 1962 Rules were replaced by the Income-tax Rules, 2026, which renumbered nearly everything: a rule number quoted here almost never means the same rule today.
← Notification No. 124/2021 [F. No. 285/23/2021-IT(Inv.V) CBDT] / SO 4445(E) · Notification No. 121/2021 [F.No.300196/5/2021-ITA-I] / SO 4263(E) →
Source: the Income Tax Department’s own published text — its page for this instrument.
