Withdrawal of the Circular Circular No. 10/2018 dated 31st December, 2018 - relating to interpretation of the term “receives" used in section 56(2)(viia).

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Full Text of the Document

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....erence is invited to the Circular No. 10/2018 dated 31-12-2018 on the captioned subject. 2. It has been brought to the notice of the Board that the matter relating to interpretation of the term "receives" used in section 56(2)(viia) of the Income-tax Act, 1961 (the Act) is sub-judice in certain higher judicial forums. Further, representations have been received from stakeholders seeking clarifi....