Legislative and Administrative Changes Proposed to Reduce Litigation in Direct Taxes

Legislative and Administrative Changes Proposed to Reduce Litigation in Direct Taxes https://www.taxtmi.com/news?id=12944 Resident taxpayers can obtain an advance ruling on income tax liability above a defined threshold, additional benches will be constituted to strengthen the advance ruling authority, and the scope of the Income Tax Settlement Commission will be enlarged to allow taxpayers to approach it for settlement of disputes; a high level committee will consult with trade and industry and changes to transfer pricing regulations are proposed. en-us Thu, 10 Jul 2014 13:49:19 +0530 Thu, 10 Jul 2014 13:49:19 +0530 TaxTMI RSS Generator Legislative and Administrative Changes Proposed to Reduce Litigation in Direct Taxes https://www.taxtmi.com/news?id=12944 Resident taxpayers can obtain an advance ruling on income tax liability above a defined threshold, additional benches will be constituted to strengthen the advance ruling authority, and the scope of the Income Tax Settlement Commission will be enlarged to allow taxpayers to approach it for settlement of disputes; a high level committee will consult with trade and industry and changes to transfer pricing regulations are proposed. News - Thu, 10 Jul 2014 13:49:19 +0530 https://www.taxtmi.com/news?id=12944