CBDT clarifies Indian taxpayers’ choices
February 02, 2010
Hasnain Shroff, A Pradeep and Vinita Chakrabarti of KPMG India discuss taxpayers' relief over finding out that the use of the new Indian dispute resolution mechanism is optional.
The Finance Act (2) 2009, introduced a new dispute resolution mechanism (DRP) for all transfer pricing disputes and tax disputes of foreign companies. This has been viewed with cautious optimism by the foreign investor community, who considered this move as step in the right direction - to facilitate expeditious resolution of disputes on a fast track basis.
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