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Aug 01, 2012, 08.12 AM IST
On the Vodafone tax issue, it is learnt that that a demand notice may not be sent till the inter-ministerial group (IMG) arrives at a decision, reports CNBC-TV18's Shereen Bhan.
On the Vodafone tax issue, it is learnt that that a demand notice may not be sent till the inter-ministerial group (IMG) arrives at a decision, reports CNBC-TV18's Shereen Bhan.
A senior government official said that the I-T act not withstanding the government wants to sort out the Vodafone issue. The official also told that Vodafone would not be sent a new tax demand notice at least till the IMG makes up it mind. There seems to be some room for further decision-making as far as the IMG on Vodafone is concerned. So, no new demand notice being sent and the government. Sources say that it doesn’t want to go down the route of international arbitration.
It feels it is long-winding as they don’t have the bandwidth for that. So, at this point in time all indications seems to point that perhaps the two parties can arrive at some sort of a mutually agreeable solution or a settlement because neither of them seems to want to go down the arbitration route.
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