CBDT issues circular
clarifying that provisions of Sec 6(3)(ii) relating to place of effective
management (POEM) won't apply to companies having turnover or gross receipts
less than Rs 50 crores during financial year; CBDT now issues a clarificatory
circular since the Press Release issued in January 2017 referred to Rs 50
crores limit, however the same was not expressly mentioned in the POEM circular
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