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of <h1>Guidelines for Taxation of Foreign Telecasting Companies Extended; Circular No. 742 Applies to All Pending Cases Indefinitely.</h1> The Central Board of Direct Taxes has extended the guidelines for the taxation and computation of income for foreign telecasting companies, originally issued in Circular No. 742 on May 2, 1996. These guidelines, initially set to apply until March 31, 1998, will now continue to be applicable to all pending cases, regardless of the assessment year, until further notice.
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