Monday, March 15, 2010

Income tax

IT- Any person who in someway or other facilitates purchases by a non-resident for export can’t be brought within cl.(b) of Explanation 1 to sec. 9(1)(i) [AAR]

IT - Shares allotted to partners of an extinct firm consequential to regn. of that firm as a co. would not give rise to any profit or gain [AAR] :