MANU/CBDT/0125/2022
Ministry : Ministry of Finance
Department/Board : CBDT
Notification No. : 114/2022
Date of Notification : 13.10.2022
Date of Publication : 13.10.2022
Referred IN
Notification regarding pension fund 2589555 Ontario Limited
S.O.4872(E).--In exercise of powers conferred by sub-clause (iv) of clause (c) of the Explanation
1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the
"Act"), the Central Government hereby specifies the pension fund, namely, 2589555 Ontario Limited
(PAN: AABCZ1393D), (hereinafter referred to as "the assessee") as the specified person for the purposes
of the said clause in respect of the eligible investment made by it in India on or after the date of publication
of this notification in the Official Gazette but on or before the 31st day of March, 2024 (hereinafter referred
to as the "the said investments") subject to the fulfillment of the following conditions, namely:-
(i) the assessee shall file return of income, for all the relevant previous years falling within the
period beginning from the date in which the said investment has been made and ending on the
date on which such investment is liquidated, on or before the due date specified for furnishing
the return of income under sub-section (1) of section 139 of the Act;
(ii) the
assessee shall furnish along with such return a certificate in Form No. 10BBC in respect of
compliance to the provisions of clause (23FE) of section 10 of the Act, during the financial year,
from an accountant as defined in the Explanation below sub-section (2) of section 288 of the
Act, as per the provisions of clause (vi) of rule 2DB of the Income-tax Rules, 1962;
(iii) the assessee shall intimate the details in respect of each investment made by it in India during the
quarter within one month from the end of the quarter in Form No. 10BBB, as per the provisions
of clause (v) of rule