FM praises Income Tax Department’s handling of Vodafone case

Union Finance Minister Pranab Mukherjee praised the efforts and professional competence of the Income Tax Department in handling the Vodafone tax dispute efficiently in all the forums. The department at present expects the Rs 2,500 crore in tax collection for the Vodafone case.

At a review meeting held here yesterday involving Chief Commissioner of Income Tax, Director-General of Income Tax (Inv), Commissioners of Income Tax at Mumbai, and CBDT Chairman S S N Moorthy, Mukherjee exhorted the tax officers to put their best foot forward to achieve the budget collection target fixed for the Mumbai region.

In 2008, the then finance minister P Chidambaram had said that Mumbai accounted for nearly a third of the country’s direct tax collections.