News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
« Direct Tax »
 How is the residential status of an individual determined for income tax
 Notification No. 49/2019 Central Board of Indirect Taxes and Customs
 Direct tax code aims to simplify archaic tax rules as we know it
 Have ITR related queries? This is how you can get them answered
 E-assessment Of I-T returns launched
 How to get your ITR related queries answered by income tax officers
 You can get credit for TDS deducted on cash withdrawals of over Rs 1 crore from bank account
 CBDT circular comes as relief for minor offences
 Indirect tax board removes circular on GST, but confusion remains
 Understanding the difference between TDS and TCS
 Lowering of personal income tax as proposed in the DTC

CBDT: Vodafone case verdict historic for international tax
September, 09th 2010

Reacting to the Bombay High Courts judgement on the Vodafone tax case, the Central Board of Direct Tax (CBDT) has said that this is a historic verdict for international taxation, reports Media.

There are two different sets of reaction given by CBDT. The first is ofcourse a sense of satisfaction on the verdict from a host of officials like CBDT Chairman SSN Moorthy and other key taxmen who have been handling the case at the board level.

Two things will be taken up by CBDT. First it will wait for Vodafone to approach the Supreme Court. Besides the IT department may begin assessment of demand under Section 201 as the pending tax of Rs 1200 crore is not the final figure.

So far the IT department has only send a show cause notice to Vodafone. With the Bombay High Court upholding the jurisdiction, the IT department will begin assessment of the final demand.

However there were some confusion regarding the application of eight weeks time whether that prevents the IT department from issuing a demand under Section 201.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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