CBDT:Clarifies on seized-cash adjustment, trade-advance taxability u/s. 2(22)(e), TDS applicability on airline’s PSF payment

Jun 12,2017

CBDT clarifies that Explanation 2 to Sec. 132B (debarring adjustment of seized cash against advance tax liability) is prospective  in nature, accepts the view taken by P&H HC in case of  Spaze Towers Pvt. Ltd.; Acknowledges that several Courts have held that seized cash may be adjusted against assessee’s advance tax liability,  accordingly, CBDT clarifies that insertion of  Explanation 2 will&n...

Purchase this Article

2000₹   Buy Now

For 2000₹, purchase this and receive immediate online access.


Already a Subscriber?

Log in for complete access.

Log In


Contact Vidyadhar Mhatre at +91 93200 54016
Email - sales@taxsutra.com