Govt appoints Parthasarathy Shome as adviser to FM
Government of India appointed tax expert Parthasarathy Shome as adviser to Finance Minister P Chidambaram with the rank of Minister of State.
Earlier, he was also appointed by Prime Minister Manmohan Singh as the Chairman of Committee on General Anti-Avoidance Rules (GAAR) which is popular as Shome panel. The committee in its draft report had recommended deferring implementation of GAAR by three years to April 2016. The govt had also sought Committee’s view on the retrospective tax laws amendment which created a controversy as it sought to undo the Supreme Court judgment in the Vodafone case.