Rule 115: there is a change in critical assumptions or failure to meet a condition subject to which the agreem
Is rule Income-tax Rules, 2026 ke relevant provisions ke under relevant provisions cover karta hai. Proper understanding iske under diye gaye instructions se tax compliance manage ho jati hai.
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Rule 115 - there is a change in critical assumptions or failure to meet a condition subject to which the agreement has been entered
115. (1) An agreement, subsequent to it having been entered into, may be revised by the Board, if,— (a) there is a change in critical assumptions or failure to meet a condition subject to which the agreement has been entered into; or (b) there is a change in law that modifies any matter covered by the agreement but is not of the nature which renders the agreement to be non-binding; or (c) there is a request from competent authority of the other country requesting revision of agreement, in case o
Cancellation of an agreement.
Rule breakdown
115. (1) An agreement, subsequent to it having been entered into, may be revised by the Board, if,— (a) there is a change in critical assumptions or failure to meet a condition subject to which the agreement has been entered into; or (b) there is a change in law that modifies any matter covered by t
Cancellation of an agreement.
Key takeaways
Professional Advice
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Compliance Essentials
Rule ke provisions properly follow karne se future litigation avoid ho sakti hai.
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FAQs
Is rule Income-tax Act, 2025 ke under kaise aata hai?
Is rule Income-tax Rules, 2026 ke under framed hai jo Income-tax Act, 2025 ke provisions implement karti hai.
Is rule kab se applicable hoga?
Is rule 1st April, 2026 se applicable hoga. Jab tak koi amendment nahi aati, yeh current form mein valid rahegi.
Kya CA se help leni chahiye?
Complex provisions ko samajhne aur accurate compliance ke liye apne CA/CS se consult karein. Professional help mistakes kam karti hai.