It may not be easy for the government to appeal in appropriate courts challenging the Permanent Court of Arbitration order. However, an attempt to initiate an introspection of existing laws that hamper business growth will go a long way in establishing India as a global leader
Vodafone responded to the finance minister‘s statement saying that the government has rejected all the suggestions given by the company on tax dispute.
The Income-Tax department has denied Vodafone's demand to resolve the transfer pricing and the capital gain cases together, reports CNBC TV18 quoting a source.
The Finance Ministry is working towards an amicable resolution of the retrospective tax amendment issue that could provide some relief to Biritish telecom giant Vodafone, which is facing a tax liability of Rs 11,200 crore.
Finance Minister P Chidambaram today said there will be no "rash" action in Vodafone tax case and the matter will be decided after considering all aspects including recommendations the Shome Committee on indirect transfer of assets.
In an exclusive interview to CNBC-TV18, Analjit Singh, chairman, Vodafone talks about the company's plan to stay put in India He also shares his view that, as a practising businessman, the sudden change in rules will not auger well for foreign direct investment and country at large.
In an exclusive interview to CNBC-TV18, Analjit Singh, chairman of Vodafone India says that despite the legal tussles, Vodafine remains committed to India. “There is no question of pulling out of India,” he says.
The fate of the government’s review petition in the Rs 12,000 crore tax case with Vidafone will be decided tomorrow by the chief justice-led Supreme Court bench that had passed the order in favour of Vodafone this January. Check out the Vodafone counsel's comments.
By: Payaswini Upadhyay, CNBC-TV18
Gopal Jain - Senior Advocate at the Supreme Court takes CNBC-TV18 through the latest contours of the review petition that has been filed by the government on the Vodafone tax case.
Hitesh Jain, partner at ALMT Legal spoke to CNBC-TV18 for an insight into the review petition that the government has filed in the Vodafone Tax case.
We live in a complex world of business and finance, where companies operate and transact in several jurisdictions, all at once. In a nod to this complex world, the Supreme Court of India has delivered a far-reaching judgment today.
Girish Dave, retired as chief commissioner of Income-Tax from Mumbai in early 2010 after serving in the Income Tax department for more than three decades.
In a landmark judgement, the Supreme Court has ruled that tax office has no jurisdiction to tax Vodafone's 2007 India acquisition.
According to the latest updates, the income tax department has said that it will not oppose Vodafone’s plea at the Supreme Court, reports CNBC-TV18's Aakansha Sethi quoting sources.