Govt accepts Shah panel report on MAT, which wanted no retrospective tax on foreign investors

New Delhi, Sep 01 (ANI): Union Finance Minister Arun Jaitley on Tuesday said that he has accepted the recommendation on CBDT and Dept of revenue, the report of Justice AP Shah panel dated 25th August, adding that the report would soon be made public.

He gave broad details of the report saying that from the time of its statutory incorporation intention it appeared to be from the structure of law that MAT was not leviable on FIIs. Jaitley hoped that in Winter session or whenever there is next Parliament session, the government will be able to bring out this amendment expeditiously.

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