Withdrawal of the Circular Circular No. 10/2018 dated 31st December, 2018 - relating to interpretation of the term “receives" used in section 56(2)(viia).

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..... 31-12-2018 on the captioned subject. 2. It has been brought to the notice of the Board that the matter relating to interpretation of the term "receives" used in section 56(2)(viia) of the Income-tax Act, 1961 (the Act) is sub-judice in certain higher judicial forums. Further, representations have been received from stakeholders seeking clarification on other similar provisions in section 56 .....

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