Section 112, Section 48

AAR : Whether application of said proviso is based on capital asset to which provisions of second proviso to section 48 apply and since second proviso to section 48 is not applicable to non-residents, benefit of lower rate of tax under said proviso cannot be given to non-residents

Authority For Advance Rulings (Income Tax), New Dlehi Cairn U.K. Holdings Ltd., In Re Section 112, 48 Justice P.K. Balasubramanyan, […]