Shome Panel

Don't use anti-tax avoidance measures to raise revenue: Shome

Anti-tax avoidance measures like GAAR should be used sparingly and not to raise revenue for the government, said Parthasarathi Shome who heads the government committees on taxation matters.

GAAR panel likely to submit final report today

n order to address the concerns of Mauritius-based investors, the Shome panel had suggested that the provisions of the GAAR should not be invoked to "examine the genuineness of the residency of an entity set up in Mauritius".

Retro-tax laws: Shome panel submits final report to govt

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

Shome panel proposals may cut Vodafone's tax liability

India should scrap a law that taxes asset transfers retrospectively, a government panel recommended in a draft report that could save Britain's Vodafone $2 billion.

Shome panel for waiving interest, penalty in retro tax

The Shome panel said that retrospective amendment of tax laws should occur in exceptional or rarest of rare cases.