MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 10th August, 2021

G.S.R. 551(E).—In exercise of the powers conferred by sub-section (2D) of section 115JB
read with section 295 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. Short title.-These rules may be called the Income tax (23rd Amendment), Rules, 2021.

2. In the Income-tax Rules, 1962, (hereinafter referred to as principal rules) after rule 10RA, the
following rule shall be inserted, namely:—

“10RB. Relief in tax payable under sub-section (1) of section 115JB due to operation of sub-
section (2D) of section 115JB.- (1) For the purposes of sub-section (2D) of section 115JB, the tax
payable by the assessee company under sub-section (1) of section 115JB, for the previous year
referred to in that section, shall be reduced by the following amount, namely:-

(A-B) – (D-C), where,

A = tax payable by the assessee company under sub-section (1) of section 115JB on the book profit of
the previous year including the past income;

B = tax payable by the assessee company under sub-section (1) of section 115JB on the book profit of
the previous year after reducing the book profit with the past income;

C = Aggregate of tax payable by the assessee company under sub-section (1) of section 115JB on the
book profit of those past year or years to which the past income belongs;

D = Aggregate of tax payable by the assessee company under sub-section (1) of section 115JB on the
book profit of past year or years, referred to in item C, after increasing the book profit with the
relevant past income of such year or years:

Provided that if the value of (A-B)-(D-C) in the formula is negative, its value shall be deemed
to be zero.
[भाग II—खण्ड 3(i)] भारत का रािपत्र : असाधारण 5

(2) For the purposes of sub-rule (1) past income shall be the amount of income of past year or years
included in the book profit or the previous year on account of an advance pricing agreement entered
into by the assessee under section 92CC or on account of secondary adjustment required to be made
under section 92CE.

(3) On application of provision of sub-rule (1), the tax credit allowed to the assessee under section
115JAA shall be reduced by the amount which is equal to the amount of reduction that has been
allowed under sub-rule (1).

(4) The assessee company shall make a claim for relief under sub-section (2D) of section 115JB in
Form No. 3CEEA electronically by uploading signed printout of said Form in the manner specified by
the Principal Director General of Income-tax (Systems) or the Director General of Income-tax
(Systems), as the case may be.

(5) Form No.3CEEA shall be verified by the person who is authorised to verify the return of income
of the assessee company under section 140.

(6) The Principal Director General of Income-tax (Systems) or the Director General of Income-tax
(Systems), as the case may be, shall specify the procedure for filing of the Form No. 3CEEA and shall
also be responsible for evolving and implementing appropriate security, archival and retrieval policies
in relation to the statements so furnished under this rule.

Explanation 1.- The value of amount “A” in the formula shall be deemed to be zero, if there is no tax
payable under sub-section (1) of section 115JB on the book profit of that previous year including the
past income.

Explanation 2.- The value of amount “B” in the formula shall be deemed to be zero, if there is no tax
payable under sub-section (1) of section 115JB on the book profit of that previous year after reducing
the book profit with the past income.

Explanation 3.- For the purposes of calculation of amount “C” in the formula, if in any past year or
years there is no tax payable under sub-section (1) of section 115JB on the book profit of that year or
years, the tax payable for that year or years shall be deemed to be zero.

Explanation 4.-For the purposes of calculation of amount “D” in the formula, if in any past year or
years there is no tax payable under sub-section (1) of section 115JB on the book profit of that year or
years after increasing the book profit with the relevant past income of such year or years, the tax
payable for that year or years shall be deemed to be zero.

3. In the principal rules, in Appendix II, after Form No.3CEE, the following form shall be inserted,
namely:––

“FORM No 3CEEA

[See sub-rule (4) of rule 10RB]

Form for furnishing particulars for the year ending 31st March,………for recomputation for
any adjustment on account of income of past year(s) included in books of account of previous
year by a Company on account of secondary adjustment under section 92CE or on account of
an Advance Pricing Agreement entered under section 92CC

Sr. No. Particulars Details

1. Name and address of the Company

2. Permanent Account Number

3. Residential status

4. Relevant previous year

5. Is it a case of APA or secondary
adjustment
6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
6.
Details of past income [refer sub-rule (2) of Relevant Amount of Total amount of past
past income income
rule 10RB] previous

year

7. Amount A of formula in sub-rule (1) of
rule 10RB (tax payable on book profit of
the previous year including past income)

8. Amount B of formula in sub-rule (1) of
rule 10RB (tax payable on book profit of
the previous year excluding past income)

9. A-B (amount at item 7 minus amount at
item 8)

10. Amount C of formula in sub-rule (1) of (I) Amount C of formula in
rule 10RB with details of tax payable sub-rule (1) of rule 10RB

(II) Details of tax payable on the book profit of past
years

Relevant Amount of tax Aggregate of tax
previous
year payable payable on the book

profit of past years

11. Amount D of formula in sub-rule (1) of (I) Amount D of formula in
rule 10RB with details of tax payable sub-rule (1) of rule 10RB

(II) Details of tax payable on the book profit of past
years including past income

Relevant Amount of tax Aggregate of tax
previous
year payable payable on the book

profit of past years

including past income
[भाग II—खण्ड 3(i)] भारत का रािपत्र : असाधारण 7

12. D-C (amount at item 11 minus amount at
item 10)

13. Relief in tax under section 115JB (2D)
(amount at item 9 minus amount at item
12)

Verification
I ____, do hereby declare that what is stated above is true to the best of my
knowledge and belief. Verified today, the day of _____
Place:
Date:

…………………………….
Signature of the Authorised Signatory.”.

[Notification No. 92/2021/F. No.370142/21/2021-TPL (Part)]
RAJESH KUMAR BHOOT, Jt. Secy. (Tax Policy and Legislation)
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 last amended vide
notification number G.S.R.545 (E), dated, 9th August,2021.

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