No dichotomy between assurances and action on retrospective tax: Jayant Sinha

No dichotomy between assurances and action on retrospective tax: Jayant Sinha

Dismissing notions of contradiction between ministerial assurances and departmental actions on retrospective taxation, Union Minister Jayant Sinha on Thursday said Income Tax department has to follow "due process of law" in the Rs 8,500-crore Vodafone transfer pricing case.

Will file reply to IT dept show cause notice: Vodafone to HC

Will file reply to IT dept show cause notice: Vodafone to HC

Vodafone on Wednesday told Delhi High Court that it will file a reply by Friday to the income tax department's show cause notice asking the company why its 2011-12 financial records should not be subjected to a special audit.

No more extension to file reply on special audit notice would be granted: HC to Vodafone

No more extension to file reply on special audit notice would be granted: HC to Vodafone

The Delhi High Court on Monday asked Vodafone to reply to Income Tax Dept show cause notice by March 23.

Tax demand on Vodafone, Cairn cannot be disputed: CBDT

Tax demand on Vodafone, Cairn cannot be disputed: CBDT

CBDT Chairman Atulesh Jindal said "as long as" the retrospective amendment of the IT Act passed by Parliament remains valid, the "demand (of tax against them) remains valid."

Aapka Bazaar: Rashesh Shah On Vodafone Tax Issue Of Paying Rs 14200 crore

Watch the video and check out what Rashesh Shah, chairman of Edelweiss Group, has to say about the issue noticed to Vodafone for paying tax dues of Rs 14200 crores.

Notice to Vodafone part of routine process: CBDT official

After serving a Rs 14,200-crore tax demand reminder to Vodafone in a long-running dispute, the Income-Tax Department today sought to play down the notice saying it was "part of a normal process".

Vodafone cries foul as India slaps tax reminder

Global telecom giant Vodafone has taken exception to the Indian tax department threatening to seize its assets if it fails to pay a disputed demand of over Rs 14,000 crore, which is still under international arbitration.
 

Pay up Rs 14,200-cr tax dues or will seize assets: I-T dept to Vodafone

Pay up Rs 14,200-cr tax dues or will seize assets: I-T dept to Vodafone

The British telecom major has disputed the tax demand over its acquisition of 67 percent stake in Hutchison, now called Vodafone India, arguing that no tax was due as the transaction was conducted offshore.

Government issues fresh tax notice to Vodafone: Report

Vodafone has 30 days to respond to the fresh notice, the news channel`s report said.

Tribunal upholds I-T stand on raising tax demand on Vodafone

In a fresh blow to Vodafone India, the Income Tax Appellate Tribunal has ruled that the tax authorities have the powers to raise a demand on the telecom major in the Rs 8,500 crore transfer-pricing dispute.

HC order on Vodafone transfer pricing being analysed: CBDT

The Central Board of Direct Taxes (CBDT) will give its views on the high court order on Vodafone transfer pricing case after studying the judgement, chairman K V Chowdary said Monday.

Vodafone wins Rs 3,200 crore transfer pricing case in HC

Vodafone is locked in a separate USD 2 billion dispute with the Government over its buying of Hong Kong-based Hutchison's stake in Hutchison-Essar.

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

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.

Vodafone officials to meet Finance Secretary on Friday

They would be meeting Finance Secretary Arvind Mayaram and Revenue Secretary Rajiv Takru, said sources.

Vodafone tax row: High Court puts off hearing to Jan 30

The Bombay High Court has fixed January 30 for further hearing on a petition filed by Income Tax department challenging a recent order of the Appellate Tribunal which stayed the tax demand of Rs 3,700 crore on Vodafone India Services in an alleged transfer pricing case.

Vodafone in multi-million Britain tax settlement

The Guardian reported that accounts filed in Dublin showed that in 2009 Her Majesty's Revenue and Customs (HMRC) settled a dispute with the British telecom’s provider over its Irish tax returns.

Vodafone paying no tax in UK despite consistent profits

The company did not pay taxes in the previous year 2011-12 claiming that UK contributed just 2.5 percent to its profits as its operational profits fell from 402 to 294 million sterling pounds a year.

Cabinet clears conciliation to resolve Vodafone tax issue

Vodafone has been involved in a Rs 11,200 crore tax dispute for the purchase of Hutchison's stake in Hutchison Essar in 2007.

Vodafone ready for reconciliation on tax issue

Asked whether there was any talk on waiving off the interest on the tax, Analjit Singh, non-executive chairman of Vodafone India, said: "No nitty-gritty has been discussed since our last meeting with the government."

Will find way out to resolve Vodafone tax issue: Chidambaram

The tax department had issued a letter in January to Vodafone International Holdings BV stating the company is required to pay a tax demand of about Rs 11,217 crore besides interest.