Last Updated: Tuesday, July 01, 2014, 15:55
The Supreme Court on Tuesday refused to entertain a PIL seeking direction to the Centre to recover around Rs 20,000 crore tax dues from UK telecom major Vodafone and to restrain the government from going ahead with arbitration on the issue.
Last Updated: Monday, May 12, 2014, 22:28
The Finance Ministry Monday said it has moved the Cabinet for withdrawing from conciliation proceedings to resolve the tax row with Vodafone after the UK-based telecom firm served notice of arbitration.
Last Updated: Thursday, May 16, 2013, 16:19
Kapadia also said that there should be clear distinction between rules and standards when it comes to tax matters.
Last Updated: Tuesday, May 14, 2013, 21:57
Telecom Minister Sibal, who took additional charge as Law Minister yesterday, revived the case by seeking a fresh opinion of Attorney General G E Vahanvati on the issue.
Last Updated: Thursday, March 07, 2013, 10:49
"The Vodafone case did not do us any favours. My personal view is that they knew very well that it (Vodafone's purchase of the Indian operations of Hutchinson Whampoa in 2007) was chargeable to tax, but they decided to take a calculated risk.
Last Updated: Friday, February 22, 2013, 19:53
The Income Tax Department had issued a letter in January to Vodafone International Holdings BV (VIHBV) stating that the company is required to pay tax demand of Rs 112,17,94,68,800 along with interest.
Last Updated: Thursday, November 29, 2012, 08:54
The Attorney General is likely to give his opinion on Thursday on the alleged irregularities in awarding extra spectrum to Airtel and Vodafone during the tenure of the then Telecom Minister Pramod Mahajan.
Last Updated: Wednesday, May 30, 2012, 21:40
The Income Tax authorities will soon send reminder notice to Vodafone and raise demands from other companies to recover similar tax dues, which may yield the exchequer a total of Rs 40,000 crore.
Last Updated: Monday, April 23, 2012, 20:33
The government will soon set up an Inter-Ministerial Group (IMG), headed by Finance Secretary R S Gujral, to look into Vodafone's notice threatening international arbitration in the Rs 11,000-crore tax case.
Last Updated: Monday, April 23, 2012, 19:17
The company was responding to a statement by Revenue Secretary R S Gujral who had said that Vodafone-type deals were taxed in the US, the UK, other OECD countries and China.
Last Updated: Monday, April 02, 2012, 00:13
Defending the proposed amendment of the Income Tax (IT) Act with retrospective effect, union Finance Minister Pranab Mukherjee Sunday said India cannot be a tax haven.
Last Updated: Tuesday, March 20, 2012, 21:36
Within hours of the Supreme Court dismissing the review petition in the Vodafone's tax case, government Tuesday refunded about Rs 2,500 crore plus four percent interest to the firm.
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