It was also asked to report any "acts of omission and commission" on part of all the stakeholders including RIL, ONGC.

AP Shah, who was earlier the chief justice of the Delhi High Court, was given the task on December 16 and asked to submit his report in thr...

Oil and Natural Gas Corporation sought an explanation from the regulator for this along with compensation from the company for the lost gas.

Participation in the deliberation of the meeting is being seen as a U-turn from the company's earlier stand of boycotting the proceedings.

The one-man committee has sought written comments from Oil and Natural Gas Corp (ONGC), the Directorate General of Hydrocarbons (DGH), the ...

BP Plc will cooperate with the panel examining ONGC’s allegation that Reliance Industries pumped out gas from the adjoining field of the st...

Legacy tax issues like those involving Cairn and Shell can be referred to AP Shah panel for quick resolution, says Chief Economic Advisor A...

The government could send these cases to the Shah panel itself, as provided for in its original terms of reference. However, the Vodafone-H...

"When the govt eventually announces the decision to accept our report and take the decision not to levy MAT on the FIIs, the pending procee...

The government clarification will be followed up with amendments to Section 115 JB of the Income Tax Act in the winter session of Parliamen...

The government may soon tell tax officials to stop pursuing minimum alternate tax demands against foreign portfolio investors (FPIs).

If the recommendations are accepted, it would mean a relief for foreign investors facing several years of levies on capital gains.

Asked about the recommendations and if the foreign investor community can expect some relief, Shah said: “It is not about giving any relief.

The Justice AP Shah committee looking into the issue of levying MAT on FPI's is expected to submit its report by the end of this month.

The issue began after the tax department sent a raft of notices to FPIs seeking MAT worth hun dreds of crores late last year.

Cairn India has challenged the March I-T notice seeking Rs 20,495 crore in tax for its alleged failure to deduct withholding tax .

All 68 FPIs that have received draft assessment orders from the revenue department have sought meetings with the committee.