Investment Incentives Order, 2001 · s 108

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s 108Recovery of tax

Notwithstanding anything in this Part, where it appears to the Collector that any deduction under section 106 ought not to have been given to an eligible holding company by reason of the revocation under section 114 of a certificate issued to a venture company, a technology investment company or an overseas investment company, the Collector may, subject to section 62 of the Income Tax

Act, make such assessment or additional assessment upon the eligible holding company (or any of its shareholders) as may be necessary in order to recover any tax which should have been payable by the eligible holding company (or any of its shareholders).

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