The Supreme Court on Monday directed Vodafone to deposit Rs 2500 crore ($550 million) within three weeks in relation to the $2.5 billion tax dispute, a Vodafone spokesman said. The Supreme Court has also fixed Feb 05 as final date of hearing. Vodafon
The Dutch government has approached India on behalf of Vodafone’s Netherlands unit to settle a three-year-old tax dispute involving a Rs 11,000 crore claim, an Indian newspaper reported on Monday. The Netherlands has asked India to consider an alternate dispute resolution that will run parallel to the ongoing court process, the paper said, quoting unnamed tax and government officials.
The high court of Bombay at Goa recently held that an amount of 3.5 crore received by some shareholders of Colfax Laboratories India Limited (CLIL) to give up marketing right of the ‘Old Spice’ range of products to Procter and Gamble (India) Limited
The Central Information Commission has issued summons to Organising Committee of the Commonwealth Games, asking it to submit all documents related to alleged discrepancies in the ticketing, Queen’s Baton Relay and the conduct of the Games.The transp
The income tax (I-T) department is hot on the trail of investments worth Rs7,316 crore made by 26 foreign entities in Gurgaon-based real estate company Ireo Group amid rising suspicion of round tripping by some of these investors.
irector General Audit, Post & Telegraph had suggested that since the Private Service Providers (PSPs) are resisting to submit their books of accounts for C&AG audit, the licence agreement between DoT and the PSPs may be amended in conformity with TRA
There is a ban on import of second hand computers and computer peripherals now. As per Ministry of Commerce’s Handbook of Procedures Vol. 1 (2009-14), import of second hand computers including personal computers/ laptops and refurbished/reconditioned
India’s exports have registered a growth of 21.3% during October 2010, at US $ 18 billion. Stating this at a press interaction here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April-October 2010, exports have reache
The Institution of the Comptroller and Auditor General of India is completing 150 years of its existence. The Hon’ble President of India Smt. Pratibha Devisingh Patil will inaugurate the celebrations of completion of 150 years of this institution by
Central Board of Excise and Customs (CBEC), Department of Revenue has issued a Notification No.97/2010-Customs (N.T.) dated November 15, 2010 and thereby notifying tariff values of edible oils, brass scrap (all grades) and Poppy seeds as shown in the
