Grant of exemption certificates in case of income of the share holder is less than the minimum liable to income-tax.

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..... TION NO. 413/CBDT Dated: May 11, 1972 Section(s) Referred: 194 , Rule 29 of IT Rule Statute: Income - Tax Act, 1961 It has been represented to the Board that in order to encourage s .....

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..... here the I.T. Officer is satisfied that the income of the share holder is less than the minimum liable to income-tax. You are requested to issue suitable instructions to the I.T. Officers working unde .....

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