Stay of recovery under section 220(7) withdrawn; administrative concession for non repatriable foreign income removed by board. The Board revoked its earlier concession that directed treating Indian income as the assessee's total income and staying recovery of the balance tax where income in Pakistan could not be repatriated. Citing inconsistency with statutory provisions and the Madras High Court's interpretation, the Board withdrew para 2(a) of the 1969 circular, instructed modification of that circular, directed review of existing stayed cases, and required authorities to notify and act accordingly.
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Provisions expressly mentioned in the judgment/order text.
Stay of recovery under section 220(7) withdrawn; administrative concession for non repatriable foreign income removed by board.
The Board revoked its earlier concession that directed treating Indian income as the assessee's total income and staying recovery of the balance tax where income in Pakistan could not be repatriated. Citing inconsistency with statutory provisions and the Madras High Court's interpretation, the Board withdrew para 2(a) of the 1969 circular, instructed modification of that circular, directed review of existing stayed cases, and required authorities to notify and act accordingly.
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