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Securitisation Trust to be assessee-in-default - Section 115TC

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.... 115TA(1), then, he or it shall be deemed to be an assessee in default in respect of the amount of tax payable by him or it and all the provisions of this Act for the collection and recovery of income-tax shall apply. Explanation:- For the purposes of this Chapter,- * "investor" means a person who is holder of any securitised debt instrument or securities issued by the securitisation trust; *....