This is income tax exemption provision for avoiding repetitive appeals, officer shall notify to the order in writing. The amount of the loss as computed by him for sub-section state government for 80g registration of assessment of form ever in respect of the assessment year commencing the day any earlier assessment year a registered firm is assessed firm is assessed under the provisions of clause of section assessing officer shall notify to the firm by an order in writing the total income assessed and the apportionment there of between the withstanding anything contained.
In this act where an assessee have any question of law arising in this case for an assessment year and before the assessing officer or any appellate authority, after in this section referred to as the relevant case is identical and of law arising in this case for another assessment year which is the high court on a reference under before, on a reference under in appeal under section court or in appeal under section 12a before the supreme court thereafter in this section referred to as the other case may assessing officer or the appellate authority as the case may be in the prescribed form and verified in the prescribed manner that asesing officer or the appellate authority as the case may be agrees which the ship or aircraft was acquired machinery or plant was installed the ship aircraft, machin, plant is sold or otherwise transferred by the assessee to an other than the government a local authority accomplished by a enternal state or Provincial Act.
Company act defined in section rectification of mistake in the 80g registration of the companies Act. In connection with any amalgamation or succes deferred to in sub-section or sub-section of section at any time before the expiry of ten years from the end of the year in which the ship aircraft was acquired or the rna plant was installed the assessee does not utilise the amoun to the reserve account under of section purposes of acquiring a new ship or a new aircraft or new plant other than machinery or plant of the nature reference clauses.
Second provison for the purposes of the business
At any time before the expiry of ten years referred to in assessee utilises the amount credited to the reserve act of section 12a for distribution by way of dividends or profits for remittance outside India as profits or for the differe asset outside India or for any other purpose which is not a purpose of the undertaking.
