AO must seek Committee's approval to tax indirect transfer cases for income arising before 1-4-2012

IT/ILT : Section 119 of the Income-Tax Act, 1961 - Income-Tax Authorities - Instructions to Subordinate Authorities - Constitution of A Committee for Proper Administration of Certain Clarificatory Amendments Introduced in Clauses (14) And (47) of Section 2, Section 9(1)(i) and Section 195 vide Finance Act, 2012 – Specified Directions to Assessing Officer in this regard