India’s Mukherjee clarifies scope of retroactive tax amendment

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India’s Mukherjee clarifies scope of retroactive tax amendment

Matthew Gilleard
June 05 2012
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India’s finance minister, Pranab Mukherjee, has said that tax cases settled before April 1 will not be reopened, in a move which aims to allay investor fears over the retroactive amendment announced in March’s budget, though advisers warn investors that the statement is superficial.

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