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	<title>TaxGuru &#187; Circular No. 23</title>
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		<title>CBDT withdrawn circulars related to taxability of foreign companies and non-residents, engaged in specified business activities</title>
		<link>http://taxguru.in/income-tax/cbdt-withdrawn-circulars-related-to-taxability-of-foreign-companies-and-non-residents-engaged-in-specified-business-activities.html</link>
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		<pubDate>Mon, 16 Nov 2009 16:58:03 +0000</pubDate>
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				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[CBDT]]></category>
		<category><![CDATA[Circular No. 163]]></category>
		<category><![CDATA[Circular No. 23]]></category>
		<category><![CDATA[Circular No. 786]]></category>
		<category><![CDATA[circulars]]></category>
		<category><![CDATA[direct taxes]]></category>
		<category><![CDATA[income tax act]]></category>
		<category><![CDATA[indian exporters]]></category>
		<category><![CDATA[indian importer]]></category>
		<category><![CDATA[indian importers]]></category>
		<category><![CDATA[indian income tax act]]></category>
		<category><![CDATA[indian subsidiary]]></category>
		<category><![CDATA[installment basis]]></category>
		<category><![CDATA[plant and machinery]]></category>
		<category><![CDATA[power projects]]></category>
		<category><![CDATA[procurement office]]></category>
		<category><![CDATA[turnkey power]]></category>

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		<description><![CDATA[The CBDT has cited that such withdrawal is on account of their interpretation by some taxpayers, seeking to claim relief, which was not in accordance with the provisions of the Indian Income Tax Act (Act) or the intention behind these circulars. Circular No. 23 was issued by the CBDT to provide clarifications regarding taxability of foreign companies and non-residents, engaged in specified business activities.]]></description>
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