https://www.taxtmi.com/acts?id=45745 The amendment to section 86 replaces the phrase "income-tax has already been paid by the firm" with "income-tax is payable by the firm", shifting the operative criterion from prior payment to the existence of a payable tax liability by the firm. en-us Mon, 02 Dec 2024 17:42:31 +0530 Fri, 13 Jun 2025 13:05:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45745 The amendment to section 86 replaces the phrase "income-tax has already been paid by the firm" with "income-tax is payable by the firm", shifting the operative criterion from prior payment to the existence of a payable tax liability by the firm. Act-Rules F. Acts / Amendment Acts Mon, 02 Dec 2024 17:42:31 +0530 https://www.taxtmi.com/acts?id=45745