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Notification: S.O.1083(E)
Section(s) Referred: 72A ,72A(b)
Statute: INCOME TAX
Date of Issue: 14/12/1987
In pursuance of clause (b) of Explanation to section 72A of the Income-tax Act, 1961 (43 of 1961), and in partial modification of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. S. O. 710(E), dated 11th October, 1977, the Central Government hereby specifies the Board for Industrial and Financial Reconstruction, established under section 4 of the Sick Industrial Companies (Special Provisions) Act, 1985 (1 of 1986), as the ” Specified Authority ” for the purposes of clause (ii) of sub-section (2) of the said section 72A in so far as amalgamation of a sick industrial company with another company under the Sick Industrial Companies (Special Provisions) Act, 1985, is concerned.
[F. No. 14—SA/87-A & PAC-I]
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