Former chairmen of the CBDT MC Joshi and R Prasad highlight, in an interview to CNBC-TV18, that the government will have to table the Vodafone settlement in Parliament if the conciliation involves waiving off the interest payable.
Focusing on the troubled legacy for taxation from the previous budget, CNBC-TV18's special show Taxing Times, brings on the discussion board key issues like general anti-avoidance rule (GAAR) with a panel of eminent experts.
Shares of tyre manufacturers fell after R Prasad, a member of Competition Commision of India, told CNBC-TV18 that a probe on tyre companies was underway and an order was likely in the next 10 days.
Continuing to stand by the order against cement companies, R Prasad, member, CCI said it is up to cement companies to challenge the CCI order at Compat. According to Prasad, the old MRTP case against cement companies is yet to be cleared.
The Competition Commission of India (CCI) has pulled up 11 cement companies for forming a cartel and has penalized them with a fine of around Rs 6,000 crore. The commission has asked the companies to pay up 50% of their FY10 profits as penalty.
After CCI imposed a hefty penalty on DLF, the company is ready with its likely defence. DLF would point a finger at CCI’s order as bad in law and jurisdiction, and in defining relevant market.
CCI has slapped a Rs 630-crore fine on real estate major DLF for abusing its dominant market position and for imposing unfair conditions on home-buyers. Calling the issue contentious, R Prasad, member of CCI said it needs to be decided via an appeal.