CBDT Resolves 5,000 cr Tax Disputes Under MAP

  • The Central Board of Direct Taxes has resolved disputes totalling Rs 5,000 crore in 180 cases with foreign companies under the Mutual Agreement Procedure (MAP) since April 1, 2014, the finance ministry said.
  • The resolved cases pertain to various sectors of the economy like software services, IT enabled services, manufacturing and consultancy services, etc.
  • The countries with which cases have been resolved are the US, Japan, United Kingdom and China.