https://www.taxtmi.com/news?id=21871 Assessment procedure for startups limits pursuit of section 56(2)(viib) challenges: DPIIT-recognized startups that filed Form No. 2 will have single-issue scrutiny under that section summarily accepted; where multi-issue scrutiny includes that section, it will not be pursued without supervisory approval and other issues may be examined only after such approval; recognized startups without Form No. 2 also require supervisory approval before inquiry. The DPIIT notification's scope is relaxed to apply where additions under section 56(2)(viib) were made and recognition plus Form No. 2 filing occurred subsequently. en-us Mon, 12 Aug 2019 09:49:55 +0530 Mon, 12 Aug 2019 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21871 Assessment procedure for startups limits pursuit of section 56(2)(viib) challenges: DPIIT-recognized startups that filed Form No. 2 will have single-issue scrutiny under that section summarily accepted; where multi-issue scrutiny includes that section, it will not be pursued without supervisory approval and other issues may be examined only after such approval; recognized startups without Form No. 2 also require supervisory approval before inquiry. The DPIIT notification's scope is relaxed to apply where additions under section 56(2)(viib) were made and recognition plus Form No. 2 filing occurred subsequently. News - Mon, 12 Aug 2019 09:49:55 +0530 https://www.taxtmi.com/news?id=21871