Minimum Alternate Tax on foreign investors: enforcement and fresh notices stayed pending committee review, except where limitation applies. The circular directs that, pending review by a Committee on MAT applicability to FIIs, no coercive recovery action should be taken in cases where demands have been raised by invoking Minimum Alternate Tax against foreign companies, and issuance of fresh notices for reopening or completion of assessments should be put on hold unless the matter is about to be barred by limitation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Minimum Alternate Tax on foreign investors: enforcement and fresh notices stayed pending committee review, except where limitation applies.
The circular directs that, pending review by a Committee on MAT applicability to FIIs, no coercive recovery action should be taken in cases where demands have been raised by invoking Minimum Alternate Tax against foreign companies, and issuance of fresh notices for reopening or completion of assessments should be put on hold unless the matter is about to be barred by limitation.
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