https://www.taxtmi.com/news?id=14465 The Finance Bill 2015-16 grants a prospective exemption from Minimum Alternate Tax for Foreign Institutional Investors; retrospective exemption was precluded by a 2012 Authority for Advance Rulings decision and pending Supreme Court litigation. The Government has asked for an early hearing and referred the MAT on FIIs issue and other legacy tax matters to a Committee chaired by Justice A.P. Shah for expedited recommendations, which it will consider for prompt action. en-us Fri, 08 May 2015 18:03:30 +0530 Fri, 08 May 2015 18:03:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14465 The Finance Bill 2015-16 grants a prospective exemption from Minimum Alternate Tax for Foreign Institutional Investors; retrospective exemption was precluded by a 2012 Authority for Advance Rulings decision and pending Supreme Court litigation. The Government has asked for an early hearing and referred the MAT on FIIs issue and other legacy tax matters to a Committee chaired by Justice A.P. Shah for expedited recommendations, which it will consider for prompt action. News - Fri, 08 May 2015 18:03:30 +0530 https://www.taxtmi.com/news?id=14465