Following yesterday’s Bombay High Court victory against Vodafone and Hutchison in their potentially $2bn tax bill appeal, the Income Tax Department’s acting chairman Sudhir Chandra told the Business Standard: “[Income Tax] Department's position stands vindicated. It is a clear cut case of deliberate non-compliance to law on misplaced legal advice. This [Vodafone case] is a test case, we will look at similar cases. There are already some cases under investigation.
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.
threads most popular
thread most upvoted
comment newest
first oldest
first
threads most popular
thread most upvoted
comment newest
first oldest
first