<h1>CBDT Forms Committee to Review Indirect Transfer Cases Before April 1, 2012; Taxpayers Can Present Their Cases.</h1> A High Level Committee has been established by the Central Board of Direct Taxes (CBDT) to review cases related to retrospective amendments concerning indirect transfers before April 1, 2012. Announced by the Finance Minister in July 2014, this Committee will evaluate fresh cases identified by Assessing Officers. Comprised of senior CBDT officials, the Committee will provide directions after allowing taxpayers to present their cases. Assessing Officers must seek the Committee's approval before taking action, and the Committee will report periodically to the CBDT. The CBDT retains the authority to intervene in the Committee's operations as necessary.