Officers of CBDT dealing with International Taxes have been advised not to take any Coercive action against FIIs

The Union Finance Minister Shri Arun Jaitley, while responding to the discussions on the Finance Bill in Rajya Sabha on 7th May, 2015, had announced the constitution of a Committee headed by Justice A.P. Shah to look into, inter alia, the issue of Minimum Alternate Tax (MAT) on FIIs. The Committee is expected to give its report on this issue expeditiously.In the light of the Finance...