News Update

Govt laces up for impending cyclone in Bay of BengalBenami Act - Challenge to validity of statutory provision cannot be adjudicated upon in absence of live lis/ contest: SC LBPM jaw-jaws with Putin on bringing curtain over Ukraine WarGST - Supply of services to Nagar Nigam, Kota, being a local authority, is not exempted under 12/2017-CTR: AARGST - Vanilla mix is not a dairy produce; is classifiable under heading 2106 and attracts tax @18%: AARIMF sticks to 7% economic growth rate for IndiaST - Delay in filing appeal, caused due to objections raised by Registry, not attributable to appellant, where appeal is otherwise filed within limitation period: HCGST - The impugned order contains no reasons but only conclusions - An order bereft of reasons renders the right to appeal, which is a valuable right, nugatory - Order set aside and matter remanded: HCHeavy downpour upends life in BengaluruGST - Respondents to pass a fresh order on merits justifying their stand as to how interest is payable particularly when amounts were credited to accounts of Government in petitioner's electronic cash ledger: HC12 hurt in blasts at Jabalpur Ordnance factoryGST - Rule 28(2) - Providing corporate guarantee - Proceedings pursuant to show-cause notice may continue, however no final order shall be passed by respondent authority without permission of this Court: HCPM arrives in Kazan to attend BRICS SummitGST - Export of goods - Error made by petitioner in filing form GSTR-1 data - Computer system not permitting refund of IGST - Authorities to manually process the refund payable - Petitioner not entitled to any interest: HCTwo-day Amaravati Drone Summit to ‘fly off’ today; Over 5000 drones to showboat new featuresI-T- Additions framed on account of bogus LTCG are invalid where AO fails to verify share transactions & fails to conduct proper enquiries : ITATRussian army has discharged 85 Indians so farCX - Value of export clearances in the calculation CENVAT credit reversal amount, is incorrect: CESTATHarris fund-raising surpasses USD one billion markMeitY-MHI joint initiative to boost indigenous EV TechnologiesRBI projects 7.2% growth in current fiscal
Untitled Document

F. No.133/27/20185-TPL
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
NEW DELHI

Dated: May 26, 2015

OFFICE MEMORANDUM

Subject: Constitution of a Committee on direct tax matters - regarding.

The Committee on Direct Tax matters headed by Justice A.P. Shah which was constituted on 20.05.2015, held its first meeting on 25.05.2015. In accordance with the terms of reference, the Committee has decided to examine the matter relating to MAT on FIIs for the period prior to 01.04.2015.

2. The Committee has invited suggestions and representations from all stakeholders, including industry associations on the above issue under examination. The suggestions may be sent by e-mail to raman-chopra@nic.in by 22.06.2015. A hard copy of representations and suggestions may also be sent on the following address:-

Mr. Raman Chopra
Director (TPL-II), Central Board of Direct Taxes
Room No.147-E
North Block
New Delhi-110001

3. The Committee will go through the suggestions and representations received and thereafter, if required, call representatives for interaction between 29.06.2015 and 06.07.2015.

4. This issues with the approval of Revenue Secretary.

(Raman Chopra)
Director(TPL-II)