https://www.taxtmi.com/circulars?id=62243 Consolidates CBDT guidance that DPIIT recognized startups with a filed Form No.2 are not subject to taxation of excess consideration as income under the equity premium rule; assessors must accept the assessee's contention in limited scrutiny, obtain supervisory approval before pursuing the issue in multi issue or non Form No.2 cases, and meet prescribed timelines. Past additions on this ground in earlier assessments should not be pressed on appeal where the declaration exists, related demands are not to be pursued absent appellate confirmation, and a Startup Cell is established for grievance redressal. en-us Fri, 30 Aug 2019 00:00:00 +0530 Tue, 03 Sep 2019 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62243 Consolidates CBDT guidance that DPIIT recognized startups with a filed Form No.2 are not subject to taxation of excess consideration as income under the equity premium rule; assessors must accept the assessee's contention in limited scrutiny, obtain supervisory approval before pursuing the issue in multi issue or non Form No.2 cases, and meet prescribed timelines. Past additions on this ground in earlier assessments should not be pressed on appeal where the declaration exists, related demands are not to be pursued absent appellate confirmation, and a Startup Cell is established for grievance redressal. Circulars Income Tax Fri, 30 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62243