8/18/2019 Question for Upsc

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Q:- Consider the following statements:  Assertion: The A. P. Shah committee's report recommended that MAT will not be applicable for foreign portfolio investment from April 1, 2016 as well as prior to this date.

  Reason: MAT is applicable when "place of business " or " Permanent establishment" is in India.

Now choose correct from the following -

(i) A is true, but R is false.(ii) A is false, but R is true.(iii) both A and R is true and R is correct explanation of A(iv) neither A nor R is true .