CBDT asks officials not to pursue Vodafone-type tax cases

Last Updated: Thursday, January 29, 2015, 19:53

The Tax Department on Thursday asked its field officers not to pursue transfer pricing cases similar to Vodafone's, a move being seen as a major relief to multinationals fighting such cases involving tax demands of thousands of crores of rupee.

Vodafone says stable tax regime important

Last Updated: Wednesday, January 28, 2015, 23:34

Welcoming the government's decision not to appeal against a court order in a transfer pricing case, UK-based telecom giant Vodafone today said stability in tax matters is important for investors.

'Govt decision on Vodafone case will lift investor sentiment'

Last Updated: Wednesday, January 28, 2015, 22:15

The government deciding not to appeal against a high court order in Vodafone case will help in correcting perception about tax department and lift the sentiment of global investors, industry said Wednesday.

Vodafone case: Govt not to appeal against Bombay HC order

Last Updated: Wednesday, January 28, 2015, 19:27

To avoid "fruitless litigation" and allay investors' concerns on tax issues, government Wednesday decided against appealing a court order that absolved Vodafone of Rs 3,200 crore tax demand in a transfer pricing case.

Govt not to challenge transfer pricing rulings in Vodafone, other cases

Last Updated: Wednesday, January 28, 2015, 18:12

Wooing overseas investors, government Wednesday decided against challenging the Bombay High Court decision favouring Vodafone in the Rs 3,200 crore tax case and adopt a similar approach in transfer pricing litigations involving other MNCs like Shell.

Cairn Energy plc says fully tax compliant

Last Updated: Friday, January 31, 2014, 14:02

Facing a potential tax demand on an alleged Rs 24,500 crore of capital gains it made on transferring India assets to a new company, Scottish explorer Cairn Energy plc Friday said it was fully compliant with the tax legislation in force when it operated in the country.

Vodafone gets new Rs 3,000 crore tax demand; court orders stay

Last Updated: Thursday, January 30, 2014, 19:26

The Bombay High Court on Thursday stayed a new income tax demand of Rs 3,000 crore on Vodafone India Services in an alleged transfer-pricing case from 2010-11.

Jayalalithaa to face trial for not filing Income Tax return: SC

Last Updated: Thursday, January 30, 2014, 11:18

The last thing Tamil Nadu Chief Minister J Jayalalithaa would have wanted this close to the General Election was more legal trouble. In a setback, the Supreme Court cleared the continuation of trial against her for not filing income tax returns in her capacity as a partner of a firm she had set up with her close aide Sasikala.

Nokia tax case: HC defers hearing on plea of Income Tax dept

Last Updated: Friday, January 17, 2014, 19:20

The Delhi High Court on Friday deferred the hearing to January 20 on the pleas of Income Tax department seeking "directions/clarifications" on the December 12 order by which the assets of mobile phone handset maker Nokia in India were defreezed.

Nokia tax case: Income Tax dept moves HC for clarification

Last Updated: Friday, January 3, 2014, 20:04

The court had on December 12 allowed the plea of Nokia for lifting of a stay on transfer of its assets in India.

Tax disputes: Vodafone seeks to club all cases for settlement

Last Updated: Thursday, January 2, 2014, 19:00

Vodafone, according to sources, in its response to the Finance Ministry's offer for conciliation, had expressed keenness to settle the long-pending capital gains tax dispute.

Vodafone responds to govt's conciliation offer on tax dispute

Last Updated: Tuesday, December 31, 2013, 19:49

British telecom major Vodafone Tuesday submitted its response to the Finance Ministry's proposal for a non-binding conciliation to settle the long pending Rs 11,200 crore tax dispute.