Exception to prohibition on orders: orders permitted when a Board decision under section 107A(4) exists. The Finance Act, 1964 amends the Income tax Act to create an exception to the previous prohibition on making orders: orders are permitted where a decision ... Summary
Exception to prohibition on orders: orders permitted when a Board decision under section 107A(4) exists.
The Finance Act, 1964 amends the Income tax Act to create an exception to the previous prohibition on making orders: orders are permitted where a decision is given by the Board under the newly referenced provision, thereby making a Board decision an enabling trigger for issuance of orders otherwise barred by the section.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.