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Delhi HC stays taxman from imposing fresh demands on Vodafone

The taxman was looking to add Rs 2500 crore to the company‘s taxable income for AY 2009-10, 2010-11 and 2011-12, which adds to approximately Rs 700 crore.

Shah panel to meet govt officials: MAT exemption on cards?

The Justice AP Shah Committee on minimum alternate tax, which has completed its discussion with all stakeholders will be meeting Revenue Secretary Shaktikanta Das next week, reports CNBC-TV18's Sapna Das.

Shah panel meet on MAT soon; notices for hearing 'routine'

The Justice Shah committee formed to unravel the minimum alternate tax row (MAT) is expected to meet either today or tomorrow, sources have told CNBC-TV18.

DRP favours I-T dept in Rs 1300 cr Vodafone case

This issue goes back to FY10 when Vodafone had issued around 2,89,000 shares which were valued at around Rs 8500 per share aggregating to around Rs 246 crore to its sister entity, Vodafone Teleservices India Holding Mauritius.

Will aggressively defend against tax demand: IBM

The company, according to sources, has approached the Dispute Resolution Panel (DRP) against the order of the Assessing Officer who had alleged under-stating of revenues by the US technology group.

Shell tax case: Bombay HC seeks reply from I-T in 4 weeks

After reprimanding the tax department for moving slow on the issues, the Bombay HC allowed the department 4 weeks to reply. The matter is now scheduled to be heard on the September 30.

India Inc. Voices Tax Concerns

Increased transfer pricing adjustments, tax on import of software, the form over substance debate, MAT on SEZs- the year 2011 has been marred by an uncertain tax environment.