Corrigendum

Final (New) Course Paper 7: Direct Tax Laws & International Taxation
In the printed copy of the Study Material [November, 2020 edition], students may note the following corrections:

Module Page Suggested correction in Study Material

No.
1 6.149 Symbol “< 5%” to be read as “≤ 5%” in point (i) and (ii) in second column of the first row of
the table.
6.118 The figure “` 3,00,000” to be read as “` 10,00,000” in part (ii) of Illustration 14.
Consequently, in the last line of the solution to part (ii), the figure and words “` 90,000” (` 3
lakhs x 30%)” to be read as “` 3 lakhs [` 10 lakhs x 30%]”.
2 12.11 – In the last row in page 12.11, “80-IA to 80RRB” to be read as “80C to 80U”. Also, in the last
12.12 column of the last row in page 12.11 and the first row in page 12.12, the words “under the
heading “C- Deductions in respect of certain incomes” are to be ignored.
12.134 In the first para, the sentence “It can be carried forward to the next year and set-off against
income of the relevant assessment year.” to be ignored.
3 15.118 The following text to be included after the words “recovering any arrears”, at the end of point
(2) to the sub-heading 15.12.3 “Certificate to Tax Recovery Officer (TRO) [Section 222]:
“from the assessee in respect of any period prior to such date”.
4 4.8 & The words “or any Court” to be ignored in the last line of second para in first row of the table
4.11 given under the heading “Procedure on receipt of application [Section 245R]. Moreover, in
the diagram given on page no. 4.11 on “Overview of Advance Ruling Procedure”, the words
“/Court” appearing before the bracket opens, to be shifted after the bracket closes and before
the question mark in that sentence.
The relevant portion would read as follows:

“- is already pending before income-tax authorities/ITAT (except in case of public sector

company, being a notified class of resident applicant) /Court?

Note: The above suggested changes have been carried out in the respective chapters of the Study Material
webhosted on the Institute’s website.