News Update

Noida Airport gets ‘DXN’ code from IATAST - Issue was kept alive by department all these years by transferring SCNs to call book and without hearing the petitioner, impugned order was passed in a hurry - Order set aside and matter remanded: HCIncome Tax searches premises of Apple’s supplier in ChennaiGST - ITC refund - Circular No. 94/2019 - By adopting a pedantic approach, respondent could not have rejected the legitimate claim of the petitioner company: HCIndian shooter Esha Singh wins silver in Asian GamesGST - Works Contract undertaken - Chennai Corporation to consider representation of petitioner for reimbursing GST liability: HCPresident of India calls for more safety of womenCus - 16/2015-Cus as amended - Foreign Trade Policy 2015-2020 - Import of capital goods - IGST not required to be paid: HCJudicial Wisdom vs Administrative ArroganceGST - Mango Pulp - Pellucid mention of words 'was always meant to be @12%' in the Circular 179 indicates that the same has to be taken as being retrospective: HCIndia to commission anti-drone stations in all border StatesGST - When the whole country files returns and pays tax by uploading the same in the same software, it cannot be said that the GST portal is unviable: HCCBDT notifies changes to Rule 11UA relating to ANGEL TAXPop star Shakira again charged with tax fraud by SpainCX - As per settled position in law, Central Excise duty cannot be levied on subsidy amounts received under a State Government scheme: CESTATPunjab submits State Action Plan & District Plans to deal with stubble burningCalifornia is first State to impose tax on guns and ammunitionIndia made G20 a people-driven national movement: PMST - The fact that lump sum payment is received for services of transportation along with incidental loading and unloading will not change the essential character of principal service of transportation : CESTATRajasthan Police seizes fake gutka inputs worth Rs 25 Crore in ChittorgarhCentre finalises borrowing plan for Second Half of FY 2023-24Cus - Department has not produced any evidence to show that relationship between parties has influenced the price, reasons for rejecting transaction value is not in consonance with law : CESTATWaheeda Rehman to be honoured with Dadasaheb Phalke AwardUS Judge admits Trump conned by inflating value of assetsGST Council to hold 52nd meeting on Oct 7 at Vigyan Bhawan
Untitled Document

MAT Panel seeks public comments

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES

Dated: May 26, 2015

PRESS RELEASE

The Committee on Direct Taxes 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.

(Shefali Shah)
Official Spokesperson, CBDT

TIOL Tube Latest

A Tete-a-tete with Larry Summers





Mr. Nikhil Gupta, Global Indirect Tax Lead, Wipro Enterprises Pvt Ltd sharing his thoughts at the TIOL Awards 2022 event.




Mr. Vishweshwar Mudigonda, Partner, Deloitte Touche Tohmatsu India LLP sharing his thoughts at the TIOL Awards 2022 event.