https://www.taxtmi.com/highlights?id=38093 Applicability of section 33AB(7) - The provisions of section 33AB (7) uses the expression ‘being utilised’ - assessee had paid substantial portion of the proforma invoice value as advance before 31.3.2012 and had included the same in the utilization statement - action of the revenue in bringing to tax the deemed income in terms of section 33AB(7) deserves to be deleted - AT en-us Fri, 23 Feb 2018 08:40:48 +0530 Fri, 23 Feb 2018 08:40:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38093 Applicability of section 33AB(7) - The provisions of section 33AB (7) uses the expression ‘being utilised’ - assessee had paid substantial portion of the proforma invoice value as advance before 31.3.2012 and had included the same in the utilization statement - action of the revenue in bringing to tax the deemed income in terms of section 33AB(7) deserves to be deleted - AT Highlights Income Tax Fri, 23 Feb 2018 08:40:48 +0530 https://www.taxtmi.com/highlights?id=38093