Cases regarding retrospective amendment of 2012 to be scrutinized by a committee to be constituted by CBDT.

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..... July, 2014 had made an announcement that all fresh cases arising out of the retrospective amendments of 2012 in respect of indirect transfer and coming to the notice of Assessing officer will be scrutinized by a High Level Committee to be constituted by Central Board of Direct Taxes (CBDT) before any action is initiated in such cases. 2. The CBDT in exercise of powers conferred under section .....

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..... after provident an opportunity to the taxpayer, issue appropriate directions to the Assessing Officer in a time bound manner. The Committee would be required to submit periodic report to the CBDT. The CBDT may intervene in the working/deliberations of the Committee, as and when required. (Rekha Shukla) Commissioner of Income Tax (Media Technical Policy) Official Spokesperson, .....

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