Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: articles on VAT and GST in India :: form 3cd :: list of goods taxed at 4% :: VAT Audit :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES
ę Indirect Tax »
 Applicability of TDS provisions of section 194-I of the Income-tax Act, 1961 on lump sum lease premium paid for acquisition of long term lease-regarding
 CBDT seeks monthly data of disposed I-T appeals
 Further indirect tax may be levied in 2017
 India has to make its own tax law
 Centre warns against criticism of GST network
 Indirect tax collection jumps 26% in April-September, direct tax 9%
 Indirect Tax collections up
 Thank you note from income tax department
 Tax dept scanning IDS disclosures filed through post
 Poor management cause of financial pressure on Centre
 GST to have short-lived impact on inflation: RBI

Tax case in Supreme Cour
January, 20th 2012

Income-Tax Department asked to return to Vodafone Rs 2,500 crore with 4 per cent interest within two months from today.

Supreme Court Registry asked to return to Vodafone the bank guarantee of Rs 8,500 crore.

"We find that during 2002-11, the Indian arm of vodafone has contributed to Rs 20,242 crore towards direct and indirect taxes to India. We hold that the offshore transaction was bonafide; hence it was non-taxable. The structure was not a sham,'' says Supreme Court.

"Genuine structuring for investments are permissible. Imposition of tax (on the deal) amount to capital punishment on capital investment,'' it says.

Indian tax authorities have no territorial jurisdiction over genuine offshore transactions, says Supreme Court .

Capital gains tax not applicable on Vodafone, it says.

Senior advocate Mr Harish Salve, counsel for Vodafone, says he is happy to have won the case after a long hearing. If the Supreme Court has reacted positively to foreign investment which has created value, it will boost investors' confidence, he says.

It was a majority judgement. "Hutchison is not a fly by night operator . Their structure was in place in India from 1994-(February) 2007,'' says Supreme Court.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions