Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Indian Companies' Tax Concessions u/s 80-O: Authority Shifted to Chief Commissioners Post-April 1989.</h1> Prior to April 1, 1989, Indian companies seeking tax concessions under section 80-O of the Income-tax Act, 1961, needed approval from the Central Board of Direct Taxes for their agreements. From this date, the authority to approve such agreements was delegated to the Chief Commissioners/Directors General of Income-tax. Applications pending as of April 1, 1989, were transferred to these officials. For cases rejected before this date, review petitions can be considered by the current authority, provided new facts are presented. The Chief Commissioner/Director General of Income-tax now holds the power to address these review petitions.