Applicability of sub section (6) of companies falling under sub sections (1A) and (1B)

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Full Text of the Document

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....e is invited to Department's Circular No. 1/76, dated 27‑1‑1976 under which it was clarified that a private company becoming a public company by virtue of the provisions of sub‑section (1A) and/or sub‑section (1B) of section 43A will not be eligible to avail of the exemption as envisaged under sub‑section (6) of section 43A. In this respect the Government have receive....