Rule 168: Return verification by insolvency professionals
Rule 168 identifies the “any other person” category for the specified company and LLP return-verification rows in section 265. It concerns a person appointed by the Adjudicating Authority to discharge the stated insolvency-professional or liquidator functions.
Official notified Income-tax Rules, 2026Need advice on Rule 168?
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Bare law
Rule 168 - Prescribed person for verification of return for purposes of section 265 [Table: Sl. Nos. 3 and 9]
(1) For the purpose of verification of return under section 265 [Table: Sl. Nos. 3 and 9], ―any other person‖, shall be the person appointed by the Adjudicating Authority for discharging the duties and functions of an interim resolution professional, a resolution professional, or a liquidator, as the case may be, under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) and the rules and regulations made thereunder.
(2) For the purposes of this rule, "Adjudicating Authority" shall have the same meaning as assigned to it in section 5(1) of the Insolvency and Bankruptcy Code, 2016 (31 of 2016).
Rule breakdown
Use the rule only for the identified verification rows
The rule refers to section 265, table serial numbers 3 and 9. Read the applicable parent row and the entity’s circumstances before selecting the verifier.
It does not make every external adviser a permitted substitute for the usual authorised signatory.
Formal appointment and role matter
The person must be appointed by the Adjudicating Authority for duties and functions as an interim resolution professional, resolution professional or liquidator under the Insolvency and Bankruptcy Code and related rules and regulations.
Retain the appointment order and confirm the relevant role and period when the return is verified.
Read the defined authority and current filing requirements
The rule imports the Adjudicating Authority meaning from section 5(1) of the Insolvency and Bankruptcy Code. Use the appointment and current tax-filing requirements to establish authority for the particular return.
A professional’s qualification alone is not the appointment required by this provision.
Key takeaways
Specified section 265 rows
The scope is tied to the cited return-verification categories.
Formal appointment required
The rule identifies appointed insolvency roles.
Keep the order
The appointment supports the verifier’s authority.
Practical checklist
- Check the relevant section 265 row.
- Retain the appointment order.
- Confirm the role and period of authority.
Avoid
- Do not equate professional qualification alone with a statutory appointment.
FAQs
Can any insolvency-qualified professional verify under this rule?
The rule requires appointment by the Adjudicating Authority for the stated role.
Which roles are listed?
Interim resolution professional, resolution professional and liquidator.
Is an ordinary adviser’s engagement letter equivalent to the appointment?
The rule refers to the Adjudicating Authority’s appointment under the Insolvency and Bankruptcy Code framework.
Glossary
- Appointed insolvency professional
- The person appointed by the stated Adjudicating Authority for one of the listed roles.