CBDT: Takes note of start-ups' tax woes, instructs no 'coercive' recovery in Sec. 56(2) (viib) cases

Feb 06,2018

CBDT gives partial relief to start-ups (as defined in DIPP notification), instructs field officers not to take coercive measures to recover outstanding demand in cases where additions have been made u/s 56(2)(viib) of Income-tax Act; CBDT observes that it has noted instances of additions being under the said section in the cases of start-ups who have otherwise raised "genuine investments" but where however the AOs have disregarded the valuation reports submitted b...

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