https://www.taxtmi.com/acts?id=16086 The Bill revises tax rates, withholding rules and surcharge/cess application; clarifies key definitions and the situs of property and income; tightens and extends various deductions and incentive timeframes; expands transfer-pricing law to include specified domestic transactions with attendant documentation, valuation and penalty consequences; introduces a comprehensive general anti-avoidance rule with a Commissioner referral and Approving Panel process binding on Assessing Officers; extends reopening and limitation rules for offshore assets and reporting failures; establishes new withholding, reporting and penalty regimes, graded search-related penalty provisions, Special Courts for tax offences, and multiple procedural and appellate adjustments, many with specified retrospective or prospective effective dates. en-us Sat, 17 Mar 2012 16:27:54 +0530 Sat, 17 Mar 2012 16:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16086 The Bill revises tax rates, withholding rules and surcharge/cess application; clarifies key definitions and the situs of property and income; tightens and extends various deductions and incentive timeframes; expands transfer-pricing law to include specified domestic transactions with attendant documentation, valuation and penalty consequences; introduces a comprehensive general anti-avoidance rule with a Commissioner referral and Approving Panel process binding on Assessing Officers; extends reopening and limitation rules for offshore assets and reporting failures; establishes new withholding, reporting and penalty regimes, graded search-related penalty provisions, Special Courts for tax offences, and multiple procedural and appellate adjustments, many with specified retrospective or prospective effective dates. Act-Rules Bills Sat, 17 Mar 2012 16:27:54 +0530 https://www.taxtmi.com/acts?id=16086