CBDT resolves 180 cases (involving approx. Rs 5,000 crores)
under Mutual Agreement Procedure (MAP) under Double Taxation Avoidance
Agreements (DTAAs) from April 1, 2014 till date;
Cases resolved pertain to
various sectors of the economy like software services, IT enabled services,
manufacturing, consultancy services, etc. and countries involved include USA,
UK, Japan and China;
CBDT states that MAP has emerged as an effective
alternative tax dispute resolution mechanism and its use to resolve disputes
has provided comfort to foreign investors and also reduced the number of cases
under litigation;
Increased focus on MAP in the last 2 years has led to
resolution of large number of disputes relating to double taxation and CBDT
expresses that it is one of the actions taken to ensure a fair and judicious
dispute resolution regime to encourage foreign investment : CBDT
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