Specified domestic transaction inclusion expanded to cover business with persons described in section 115BAE(4), affecting tax characterisation. The amendment inserts clause (vb) into section 92BA to include any business transacted between the assessee and the other person referred to in sub ... Summary
Specified domestic transaction inclusion expanded to cover business with persons described in section 115BAE(4), affecting tax characterisation.
The amendment inserts clause (vb) into section 92BA to include any business transacted between the assessee and the other person referred to in sub section (4) of section 115BAE within the meaning of "specified domestic transaction", extending the scope to transactions between a cooperative society and a closely connected person.
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