36 ViewsThe Union government is likely to initiate the settlement of cases initiated by the National Pharmaceutical Pricing Authority (NPPA) for pharma companies under the Vivad se Vishwas scheme 2. This is the government’s attempt at tax resolution and reducing litigation. Sources told CNBC-TV18 that the government may initiate the scheme to settle penalty cases […]
CBDT issued updated Mutual Agreement Procedure Guidance addressing stakeholder’s concerns
237 ViewsThe CBDT vide MAP GUIDANCE/2022 dated June 10, 2022 has issued an updated Mutual Agreement Procedure (“MAP”) Guidance addressing stakeholder’s concerns. The Board has issued a guidance on MAP procedure and matters connected thereto for the benefit of taxpayers, tax practitioners, tax authorities, and Competent Authorities (CAs) of India and of treaty partners vide F.No. 500/09/2016-APA-I […]