The Central Board of Direct Taxes through circular dated 18th August, 2021 has issued the Income-tax (24th Amendment) Rules, 2021. As per the Income Tax Act, Any assessee who is entitled or required to attend before any income-tax authority or the Appellate Tribunal in connection with any proceeding under this Act to attend personally for examination on oath or affirmation may attend by an authorized representative.
The amended rules provides that in respect of a company or a limited liability partnership, authorized representative can be the person appointed by the Adjudicating Authority for discharging the duties and functions of an interim resolution professional, a resolution professional, or a liquidator under the Insolvency and Bankruptcy Code.
