https://www.taxtmi.com/circulars?id=10293 The Board directs that exemption certificates under the proviso to section 230(1) be issued only in absolutely genuine cases and only where outstanding taxes have been paid, adequate assets in India exist to satisfy present or potential tax demands, or a suitable guarantee is furnished by the applicant; officers must apply greater care when exercising their discretion to issue such certificates to protect revenue. en-us Wed, 27 Nov 1974 00:00:00 +0530 Mon, 13 Jun 2011 14:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10293 The Board directs that exemption certificates under the proviso to section 230(1) be issued only in absolutely genuine cases and only where outstanding taxes have been paid, adequate assets in India exist to satisfy present or potential tax demands, or a suitable guarantee is furnished by the applicant; officers must apply greater care when exercising their discretion to issue such certificates to protect revenue. Circulars Income Tax Wed, 27 Nov 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10293