Laws / Income Tax Law / 119
119 - Application of retained assets
119. Application of retained assets.-
(1) Where the assets retained under sub-section (4) of section 118 consist solely of money, or partly of money and partly of other assets,-
(a) the Deputy Commissioner of Taxes shall first apply such money towards payment of the amount in respect of which ...
Premium content
You are viewing a preview. Upgrade your subscription to read the full article.
View plans