No-objection certificate for non-resident dividend and royalty remittances may be issued by assessing tax officers or the Board. No-objection certificates required by the Reserve Bank for remittance of dividends or royalties to non-residents may be obtained from the assessing Income-tax officer of the recipient; if jurisdiction over the recipient is not determined, the certificate may be obtained from the Income-tax officer assessing the payer or from the Board. Refusal by an Income-tax Officer to issue such certificates as lacking statutory provision is incorrect, and officers must be instructed to process requests expeditiously.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
No-objection certificate for non-resident dividend and royalty remittances may be issued by assessing tax officers or the Board.
No-objection certificates required by the Reserve Bank for remittance of dividends or royalties to non-residents may be obtained from the assessing Income-tax officer of the recipient; if jurisdiction over the recipient is not determined, the certificate may be obtained from the Income-tax officer assessing the payer or from the Board. Refusal by an Income-tax Officer to issue such certificates as lacking statutory provision is incorrect, and officers must be instructed to process requests expeditiously.
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