The Central Board of Direct Taxes (CBDT) has issued Notification No. 120/2026 notifying the Income-tax (Fourth Amendment) Rules, 2026, exercising powers under Section 533 read with Sections 262, 273, 413, 514, and 515.
The amendments substitute key compliance timelines in Rule 246(4) and Rule 256(4), extending the previous cut-off date of September 30, 2026, to March 31, 2027. The notification also prescribes the updated Form No. 169 for application for registration as a registered valuer across asset classes including immovable property, agricultural lands, machinery, and plant.