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SETTING UP OF HIGH LEVEL COMMITTEE TO INTERACT WITH TRADE AND INDUSTRY ON TAX LAW

Dated:- 23-10-2015 - In his Budget Speech 2014-15, Finance Minister had announced the setting up of a High Level Committee to interact with trade and industry and ascertain areas where clarity on tax laws is required. Accordingly, a High Level Committee has been constituted with the following composition:- i) Shri Ashok Lahiri, Former Chief Economic Advisor, Ministry of Finance - Chairman ii) Shri Sidhartha Pradhan, Retired Member, Settlement Commission (Income Tax & Wealth Tax) - Member iii .....

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ulars, instructions etc. within a period of 2 months from the date of receipt of recommendations of the HLC. iv) The HLC will be assisted by two Nodal Officers not below the rank of Joint Secretary/Commissioner, one each from Income Tax and Customs & Central Excise. The choice of Nodal Officers will be recommended by CBDT and CBEC. The appointment of the Nodal Officers will be made with the approval of Revenue Secretary. v) The HLC shall set its own procedures for regulating its work. vi) Th .....

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