Ap Shah

Last week, the AP Shah report on ONGC and Reliance Industries mentioned that the latter has made unfair gains from producing ONGC‘s migrated gas while also blaming the company for neglecting the issue for nearly six years.

Finance bill to bring curtain down on minimum alternate tax

The Dispute Resolution Panel (DRP) has directed withdrawal of the MAT levy on FPIsbringing cheer at the turn of the year. This is a clear indication of the Government‘s resolve in implementing a stable and predictable tax regime for the FPIs - in which investors typically churn over time and the tax cost is factored on daily basis.

Need clarity on place of biz aspect in MAT issue: Khaitan

FinMin today said those companies that do not have a permanent establishment will be exempted from the purview of MAT.

No MAT on FPIs!

By: Menaka Doshi, CNBC TV18

No MAT on FIIs prior to April 1, 2015: FM

The government has accepted the recommendation of the AP Shah committee to not pursue cases against foreign institutional investors (FII) involving minimum alternate tax (MAT) levied prior to April 1, 2015, Finance Minister Arun Jaitley said today.

Give MAT relief to FIIs prior to Apr 1, 2015: AP Shah panel

The Shah panel had submitted its 66-page report to the Government on July 24 and its analysis is crucial for the government to firm up its stance on the Castleton case.

Government to clarify on MAT issue soon

The case pertains to whether MAT should apply to foreign companies including foreign portfolio investors (FPIs).

Don't speculate; will decide on Shah report soon: Fin Secy

The commission, led by AP Shah, today submitted its 66-page report to the Finance Ministry on whether minimum alternate tax (MAT) should be levied on foreign institutional investors (FIIs).

AP Shah Comm has put MAT ball in govt's court, say lawyers

While AP Shah refrained from disclosing any content of the report, he said the report was a unanimous view and the government will now examine and take an appropriate decision on the same.

Shah panel to be 3-member; focus on MAT to begin with: Govt

A high-level committee headed by Justice AP Shah to resolve several tax tussles will have three members in it and will start by evaluating the minimum alternate tax (MAT) row, the government today said.

AP Shah panel may have 2 other members

The Panel may be a three-member body and may have two tax experts as members. It may not have any government nominee and future tax issues may be referred to it.