"A GST dispute resolution authority will be set up for settling issues arising out after its implementation across the country," Shome said.

The retrospective amendments to the income tax laws had generated controversy as companies criticised the move.

The retrospective amendments to the Income Tax laws had generated controversy as several global companies criticised the move.

GAAR framework has been prepared keeping in mind the need to instil confidence among investors, tax expert Parthasarthi Shome said.

CBDT is believed to have favoured implementation of the anti-tax avoidance rules GAAR from the next financial year.

Finance minister P Chidambaram has already made it clear that Vodafone’s tax matter would be decided after considering all aspects includin...

The government-appointed panel on taxation of indirect transfer of assets today submitted its report to Finance Minister P Chidambaram.

The tax authorities are likely to oppose most of the conclusions of two panels, both headed by tax expert Parthasarathi Shome.

The country’s apex tax body, the Central Board Of Direct Taxes (CBDT), has opposed Shome Panel’s proposal to defer the implementation of th...

Shome panel has said that a retroactive amendment is not in order because it is meant to expand the tax base, not clarify the intent of law.

As per the Shome panel's own principles, retrospective amendment of the law was appropriate to remove confusion in the legal expression of ...

Shome panel has recommended that an amendment to the income-tax law seeking to tax indirect transfers of Indian assets should apply prospec...

The Shome panel has suggested interest and penalty should be waived in all cases where tax is collected, citing the amendment of the IT Act.

The Parthasarathi Shome panel, looking into the taxation issues relating to GAAR (General Anti-Avoidance Rules), is likely to submit its fi...

The Shome panel, which is looking into the taxation issues relating to Gaar (general anti-avoidance rules), is likely to submit its final r...

The panel also advised against retrospective implementation of the controversial anti-tax avoidance rules, sources said.

Introduction of GAAR had triggered strong opposition by foreign investors following which its implementation was postponed till April next ...