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Union Budget 2014: APAs to cover previous 4 yrs deals, to reduce TP disputes

Last Updated: Thursday, July 10, 2014, 18:03

With regard to arm's length price for computing tax liability under the transfer pricing rules, he said a new "range concept" would be introduced in line with the international practices.

Domestic cos can obtain advance ruling on tax liability

Last Updated: Thursday, July 10, 2014, 16:25

With Rs 4 lakh crore locked in litigations, Finance Minister Arun Jaitley Thursday proposed to allow domestic companies to obtain advance ruling with regard to their direct and indirect tax liabilities.

Vodafone facing tax liability of over Rs 27,000 cr in India

Last Updated: Sunday, June 08, 2014, 20:24

Vodafone said that its Indian subsidiary had received a letter in January last year from the authorities reminding it of the tax demand of Rs 14,200 crore in relation to the dispute over acquisition of Hutchinson in 2007.

Indian-govt owned company wins liability case in London court

Last Updated: Tuesday, May 20, 2014, 20:54

Government of India-owned PEC Ltd today won a major victory in the London High Court, that dismissed a liability case against the company to the tune of millions of dollars.

RBI allows LLPs to carry out financial commitment abroad

Last Updated: Monday, May 19, 2014, 21:55

The Reserve Bank has allowed Limited Liability Partnership (LLP) firms to carry out financial commitment to/on behalf of joint ventures or wholly-owned subsidiaries of the Indian companies abroad.

US for international convention to resolve nuclear liability issue

Last Updated: Tuesday, March 11, 2014, 19:29

Seeking to fast-track Indo-US civil nuclear energy cooperation, Washington on Tuesday suggested that the two countries opt for international convention to resolve impasse over liability in case of accidents, a stand that may not be in tune with New Delhi`s position.

Private companies, LLP firms can't use 'National' in names

Last Updated: Wednesday, February 19, 2014, 15:05

Companies and limited liability partnership firms floated by private entities should not use the word 'National' in their names, the government has said.

No proposal to relax liability clause in nuclear act: Govt

Last Updated: Friday, December 13, 2013, 01:03

Government said there was no proposal to relax liability clause of Civil Liability for Nuclear Damages Act 2010, as demanded by foreign collaborators assisting country in nuclear power generation.

US jury clears Toyota in bellwether case

Last Updated: Friday, October 11, 2013, 10:46

A US jury Thursday cleared Toyota of liability for a 2009 fatal accident involving unintended acceleration, in what the Japanese automaker hopes is a bellwether verdict for similar cases.

Opposition criticises UPA Govt for clearing contentious nuke liability bill

Last Updated: Wednesday, September 25, 2013, 15:49

India is making a last-minute push to close a nuclear deal in time for a meeting between US President Barack Obama and Prime Minister Manmohan Singh.

Cabinet clears Nuclear Liability Clause ahead of PM`s UNGA visit

Last Updated: Wednesday, September 25, 2013, 09:07

The CCS on Wednesday cleared the contentious Nuclear Liability Clause, paving way for signing of an agreement between Nuclear Power Corporation of India Ltd (NPCIL) and America`s Westinghouse.

BJP apprehensive over nuclear pact clause

Last Updated: Monday, September 23, 2013, 10:38

BJP expressed apprehension that government-owned Nuclear Power Corporation of India would give up the "right to recourse" in pact likely to be signed soon with US firm Westinghouse, a statement said.