Fresh Cases Arising out of Retrospective Amendments of 2012 to be scrutinised
by High Level Committee: Finance Minister
All fresh cases arising out of the retrospective amendments of
2012 in direct transfers will be scrutinized by High level committee to be
constituted by the CBDT before any action is initiated in such cases.
Announcing this during his Budget Speech in the Lok Sabha, Finance Minister
Shri Jaitley said that the Government is committed to provide a stable and
predictable taxation regime that would be investor friendly and spur growth.
The Finance Minister hoped that the investor community both within India and abroad would repose confidence on the Government’s stated position and participate in the Indian growth story with renewed vigour.
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