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Voluntary Surrender of Provisional Registration and Approval as per Rule 181(8) of Income Tax Rule, 2026

Rule 181(8) of the Income Tax Rules, 2026 allows an applicant to
voluntarily surrender the provisional registration granted under
Section 332(8) or the provisional approval granted under Section
354(4) of the Income Tax Act, 2025.

This option is available only if the applicant:

• has not claimed any tax benefits under the relevant provisions in
  its return of income for any tax year, including the year in which the
  surrender is made; and
• gives an undertaking that it will not claim such benefits in its
  return of income for any tax year.

Upon surrender, the provisional registration or approval will be
treated as if it had never been granted.