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Tax cases closed before April 1 will not be opened: Pranab
In an interview to NDTV Profit, former Reserve Bank of India governor Dr. Bimal Jalan said that there is a need for a credible policy to prevent the rupee’s fall as expectations on the currency direction are critical.
30 May 2012, 12:54 PM IST 
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Prime Minister Manmohan Singh and UPA chairperson Sonia Gandhi. Photo: Manish Swarup/Associated Press/The New York Times
Finance minister Pranab Mukherjee on Wednesday said that the retrospective amendments to the tax laws meant to target overseas deals involving local assets were only guided by the advice of the Supreme Court, and assured that none of the earlier cases that had been finalized would be opened.Speaking in Delhi at an event, the minister said that all cases that had been finalized by April 1, 2012 would not be reopened, bringing relief t...
