Assessment of foreign news agencies. - Income Tax - 1477/CBDT

INSTRUCTION NO. 1477/CBDT Dated: July 22, 1982 It has come to the notice of the board that no uniform practice is being followed by assessing officers in the matter of assessment of foreign news agencies whose activities in India are confined to the collection of news in this country. The board are examining the whole matter with a view to bringing about uniformity in the tax treatment of such foreign news agencies. It has been decided that all pending assessment and recovery proceedings should be kept in abeyance in all such cases until further orders. 2. It may be noted that the above instructions will apply only in the case of those foreign news agencies whose activities in India are restricted to the collection of information in this country and are not intended to cover cases where the news agencies apart from collecting news in India, are engaged in carrying on other activities . 3. You are requested to please issue suitable instructions in this regard to all assessing officers in your charge.