Govt to soon set its position on MAT for foreign investors

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Reuters NEW DELHI
Last Updated : Jul 24 2015 | 7:48 PM IST

NEW DELHI (Reuters) - Revenue Secretary Shaktikanta Das said on Friday the government would decide in the next 10 days its position on the legal dispute with foreign investors over a controversial tax.

Das made the comments on the same day a specially appointed government panel issued its recommendation over how to resolve the stand-off over the so-called minimum alternate tax (MAT).

The government has sought to retrospectively impose MAT on foreign investors, sparking a legal row. The Supreme Court is due to hold next month a hearing about the legality of the tax.

(Reporting by Rajesh Kumar Singh; Editing by Rafael Nam)

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First Published: Jul 24 2015 | 7:34 PM IST

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