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) | 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
Latest Expert Exchange
« Direct Tax »
 Infosys-built system to cut tax return processing time to 24 hours by 2020
 Notification No. 04/2019-Central Board of Indirect Taxes and Customs
 Income tax exemption limit likely to be increased to Rs 5 lakh
 Bringing back the local in the national tax regime
 CBDT chief cautions I-T officials about direct tax collection growth rate
 No TDS for long-term property lease premium, says Mumbai’s Income-tax Appellate Tribunal
 Bansal Overseas 121 KM Stone, Near Namastesy Chowk, G. T. Road Karnal vs. ACIT Karnal Circle, Aayakar Bhawan, Sector- 12, Urban Estate Karnal
 How to invest, how much you may invest and save in taxes SBI Tax Saving Scheme
 Taxman on a refunds spree as income tax returns hit record high in FY19
 CBDT issues final notification on securities tax exemption
  Panel to redraft direct tax laws to focus on simplification

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