https://www.taxtmi.com/acts?id=21180 Chapter XII-BC treats a foreign company said to be resident in India as subject to specified domestic tax provisions-computation of total income, treatment of unabsorbed depreciation, set-off and carry forward of losses, collection and recovery, and anti-avoidance rules-by Central Government notification with exceptions, modifications and adaptations. If conditions of the notification are later breached, any granted benefit is deemed wrongly allowed and the Assessing Officer may re-compute income for the relevant year as if the exceptions did not apply, with amendment time limits measured from the year of non-compliance. en-us Fri, 06 May 2016 16:39:05 +0530 Wed, 03 May 2017 13:08:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21180 Chapter XII-BC treats a foreign company said to be resident in India as subject to specified domestic tax provisions-computation of total income, treatment of unabsorbed depreciation, set-off and carry forward of losses, collection and recovery, and anti-avoidance rules-by Central Government notification with exceptions, modifications and adaptations. If conditions of the notification are later breached, any granted benefit is deemed wrongly allowed and the Assessing Officer may re-compute income for the relevant year as if the exceptions did not apply, with amendment time limits measured from the year of non-compliance. Act-Rules F. Acts / Amendment Acts Fri, 06 May 2016 16:39:05 +0530 https://www.taxtmi.com/acts?id=21180