https://www.taxtmi.com/circulars?id=53877 A committee recommended amending Section 115JB to clarify that MAT does not apply to FIIs/FPIs without a place of business or permanent establishment in India for the prior period; the Government accepted this recommendation and will amend the Act. Field authorities are directed to keep related assessment proceedings in abeyance and not to pursue recovery of outstanding demands pending the legislative amendment. en-us Wed, 02 Sep 2015 00:00:00 +0530 Thu, 03 Sep 2015 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53877 A committee recommended amending Section 115JB to clarify that MAT does not apply to FIIs/FPIs without a place of business or permanent establishment in India for the prior period; the Government accepted this recommendation and will amend the Act. Field authorities are directed to keep related assessment proceedings in abeyance and not to pursue recovery of outstanding demands pending the legislative amendment. Circulars Income Tax Wed, 02 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53877