The Central Board of Direct Taxes (the Board) has now notified the “other method” vide Notification No. 18/2012 [F. No. 142/5/2012-TPL], dated 23-5-2012, and Rule 10AB has now been inserted in the Income-tax Rules, 1962 (the Rules). Rule 10AB of the Rules shall come into force w.e.f. April 1, 2012 and shall apply to assessment year 2012-13 and subsequent years.
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