CBDT amends Rule 10CB relating to interest income computation for secondary adjustments

Oct 02,2019

CBDT amends Rule 10CB relating to computation of interest income pursuant to secondary adjustments; Modifies clause 10CB(1) pertaining to time limit for repatriation of ‘excess money or part thereof’ in case where primary adjustment is determined by an APA entered into by assessee in respect of a previous year and in case of resolution under MAP; In case of APA, [as against return filing due date u/s 139(1) mentioned earlier], specifies tha...


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