Amendment of section 140
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....ct, in clause (c), in the second proviso,-- (A) in clause (b), after the words "principal officer thereof;" occurring at the end, the word "or" shall be inserted; (B) after clause (b....
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.... Explanation.--For the purposes of this clause the expressions "insolvency professional" and "Adjudicating Authority" shall have the respective meanings assigned to them in clause (18) of section 3....


TaxTMI
TaxTMI