Direct Tax Panel

Delhi HC quashes BAR ruling and interprets 2014 CBDT circular to remove tax ambiguity for Category III AIFs, aligning with investor confidentiality and Sebi norms

CBDT chairman Ravi Agrawal said the tax administration is committed to 'fostering stability and simplifying business operations' in India

More than 90 sections seen redundant; panel in line with Budget promise of comprehensive review

The committee is particularly concerned about the third edition of the scheme, as placement figures fall below 10%

The collections had shot up that year because people regularised their unaccounted income by paying higher levies

The panel had also incorporated some suggestions of the previous Arbind Modi committee

The government set up the panel in November last year to review the decades-old Income Tax Act and to draft a new Direct Tax Law