In a circular released by the Central Board of Direct Taxes (CBDT), the government authority has directed its officials not to pursue any pending MAT cases.
It has been one of the most eagerly awaited reports, in recent history. Justice AP Shah Committee is ready with its final report on the minimum alternate tax (MAT) issue.
In an interview with CNBC-TV18, state finance minister Jayant Sinha said a committee headed by Justice AP Shah will evaluate whether past rulings on a matter could be interpreted more ‘tightly‘, expedite the judicial process or explore whether policy interventions are possible in order to break a tax logjam that has made headlines of late.