Rule 177 prescribes Form ITR-A for the modified return a successor entity files after a business reorganisation under section 314, furnished electronically under digital signature, with the Assessing Officer modifying or completing the assessment in line with the reorganisation order.
177
Rules 2026 · Rule 177
Modified return of income in respect of business reorganisation under section 314
Rules 131-200
The rule. The modified return of a successor entity to a business reorganisation, for a tax year, is in Form ITR-A, verified as the form specifies (sub-rule 1), furnished electronically under digital signature (sub-rule 2). If the assessment or reassessment for a tax year to which the reorganisation order applies is complete or pending when ITR-A is furnished, the Assessing Officer passes an order modifying the total income of that year, or completes the proceedings, in accordance with the reorganisation order and the ITR-A (sub-rule 3).