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Vodafone, Cairn Energy won`t be coerced on retrospective tax cases: Arun Jaitley
the government has said that it won`t be coercing Vodafone and Cairn Energy to take up its one-time offer so as to settle the pending retrospective cases
Zee Media Bureau
New Delhi: In the latest, the government has said that it won't be coercing Vodafone and Cairn Energy to take up its one-time offer so as to settle the pending retrospective cases. Finance Minister Arun Jaitley said that it was up to these companies to take their call on the issue.
“This is an alternate route which I have suggested. The option is theirs. Nobody is being coerced to accept one route or the other. If they want to continue with the litigation, so be it… the outcome of the litigation will determine (the fate of tax demand).” Jaitley said.
The option before such companies was either to accept the offer of paying principal tax amount and get waiver from interest and penalty, or continue litigation, he said during an interaction with journalists at the PTI office here.
(With Agency inputs)