https://www.taxtmi.com/news?id=15794 A one-time dispute resolution scheme for retrospective tax cases permits payment of tax arrears in exchange for waiver of penalty and interest, overseen by a high-level committee headed by the Revenue Secretary for creation of any fresh liability under retrospective tax legislation. Concurrent tax adjustments include differentiated pollution cesses on vehicles, an increased clean energy cess on coal, higher excise on tobacco products (excluding bidis), and a phased reduction of accelerated depreciation with a cap from April 1, 2017. en-us Mon, 29 Feb 2016 13:46:34 +0530 Mon, 29 Feb 2016 13:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15794 A one-time dispute resolution scheme for retrospective tax cases permits payment of tax arrears in exchange for waiver of penalty and interest, overseen by a high-level committee headed by the Revenue Secretary for creation of any fresh liability under retrospective tax legislation. Concurrent tax adjustments include differentiated pollution cesses on vehicles, an increased clean energy cess on coal, higher excise on tobacco products (excluding bidis), and a phased reduction of accelerated depreciation with a cap from April 1, 2017. News - Mon, 29 Feb 2016 13:46:34 +0530 https://www.taxtmi.com/news?id=15794