Pursuant to complaints from eminent citizens that the Income-tax Department is indulging in “tax terrorism” of start-up entities, a “startup cell” comprising of five high-ranking officials of the CBDT has been set up to redress grievances and address various tax related issues in the cases of Startups. The CBDT had earlier instructed AOs that no coercive measures to recover the outstanding demand should be taken if additions have been made u/s 56(2)(viib) of the Income-tax Act, 1961 read with Rule 11UA(2)
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