Rule - 10UC (of Income Tax Rules, 1962), Income-tax Rules, 1962

(1) For the purposes of section 144BA (of Income Tax Act, 1961),—

(i) no directions under sub-section (3) of section 144BA (of Income Tax Act, 1961) shall be issued by the Commissioner after the expiry of one month from the end of the month in which the date of compliance of the notice issued under sub-section (2) of section 144BA (of Income Tax Act, 1961) falls;

(ii) no reference shall be made by the Commissioner to the Approving Panel under sub-section (4) of section 144BA (of Income Tax Act, 1961) after the expiry of two months from the end of the month in which the final submission of the assessee in response to the notice issued under sub-section (2) of section 144BA (of Income Tax Act, 1961) is received;

(iii) the Commissioner shall issue directions to the Assessing Officer in Form No.3CEH,—

 (a) in the case referred to in clause (i) of sub-rule (4) of rule 10UB (of Income Tax Rules, 1962), within a period of one month from the end of month in which the reference is received by him; and

(b) in the case referred to in clause (ii) of sub-rule (4) of rule 10UB (of Income Tax Rules, 1962), within a period of two months from the end of month in which the final submission of the assessee in response to the notice issued under sub-section (2) of section 144BA (of Income Tax Act, 1961) is received by him.