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Cases regarding retrospective amendment of 2012 to be scrutinized by a committee to be constituted by CBDT.

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Full Text of the Document

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....that all fresh cases arising out of the retrospective amendments of 2012 in respect of indirect transfer and coming to the notice of Assessing officer will be scrutinized by a High Level Committee to be constituted by Central Board of Direct Taxes (CBDT) before any action is initiated in such cases. 2. The CBDT in exercise of powers conferred under section 119 of the Income-tax Act, 1961 has issu....

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