Sponsored
    Follow Us:

Vodafone

Latest Articles


Taxation Laws (Amendment) Act, 2021 – An analysis

Income Tax : An in-depth analysis of the Taxation Laws (Amendment) Act, 2021. Understand the implications and changes to the Income Tax Act and...

January 29, 2022 14241 Views 0 comment Print

Understanding Vodafone Tax Dispute & Changing Dynamics of Indian Tax Laws

Income Tax : During the years 2007 to 2008, India witnessed an immense hike of Foreign Direct Investments (FDI) in its Telecommunication Indust...

October 17, 2021 4008 Views 0 comment Print

What was Cairn-Vodafone tax dispute with Government of India regarding Retrospective Tax ?

Income Tax : The Indian government in Budget 2012-13, amended the Income Tax Act, 1961 to retrospectively tax cross-border transactions in whic...

September 14, 2021 3870 Views 0 comment Print

Amendment to Retrospective Tax Regime: A Long Overdue Respite to Firms

Income Tax : The Central government on 5th August introduced the Taxation Laws (Amendment) Bill, 2021 in the Lok Sabha, to repeal the Retrospec...

September 3, 2021 2832 Views 0 comment Print

Taxation Laws (Amendment) Bill, 2021 – Analysis

Income Tax : ‘THE TAXATION LAWS (AMENDMENT) BILL, 2021‘ introduced in Lok Sabha on 05th August 2021 (passed on 06th August 2021) pr...

August 9, 2021 6855 Views 0 comment Print


Latest News


Key Features & Benefits of Taxation Laws (Amendment) Bill, 2021

Income Tax : Taxation Laws (Amendment) Bill, 2021 Key Features of Taxation Laws (Amendment) Bill, 2021 1. Provides that no tax demand shall be ...

August 13, 2021 1434 Views 0 comment Print

Analysis of The Taxation Laws (Amendment) Bill, 2021 by ICAI CMA

Income Tax : The government introduced the Taxation Laws (Amendment) Bill, 2021, which seeks to withdraw tax demands made under the Finance Act...

August 11, 2021 1389 Views 0 comment Print

Govt. accepts Order of Bombay HC in Vodafone case

Income Tax : The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, in a major decision, has decided to accept the order of the H...

January 29, 2015 13919 Views 0 comment Print

Why Govt withdraws Conciliation Measures Initiated Earlier with Vodafone

Income Tax : Correct Factual Position and the Circumstances that led to the Government’s Proposal to Withdraw from the Conciliation Measures ...

May 14, 2014 1611 Views 0 comment Print

Vodafone makes no provision for Hutch deal tax claim

Income Tax : British telecom giant Vodafone has decided against making a provision in its balance sheet for the over Rs 11,000 tax claim made b...

November 18, 2012 652 Views 0 comment Print


Latest Judiciary


Vodafone Idea gets further stay against demand

Income Tax : Vodafone Idea Limited Vs DCIT (ITAT Mumbai) In this case Learned Departmental Representative could not disputed the proposition th...

August 12, 2021 3207 Views 2 comments Print

HC grants Stay to Vodafone as non-completion of hearing was solely attributable to revenue

Income Tax : Thus it is clear that non completion of hearing of this appeal is solely attributable to revenue. In these circumstances, we are o...

July 12, 2021 750 Views 0 comment Print

Vodafone wins $2.50 billion tax case tax case in Supreme Court

Income Tax : In a 2.5 billion dollar sigh of relief for Vodafone, and for other companies eyeing assets in India, the Supreme Court has ruled i...

January 20, 2012 7294 Views 0 comment Print

Sale price of shares cannot be apportioned towards transfer of controlling interest, where there is no express written understanding

Income Tax : The argument that “controlling interest” was transferred with the shares was not acceptable as the share purchase agreement ha...

February 16, 2011 558 Views 0 comment Print

Discount allowed on sale of Sim Cards is nothing but commission and TDS is applicable under section 194H of Income Tax Act 1961

Income Tax : Vodafone Essar Cellular Ltd. v. ACIT On this issue, the Kerala High Court observed that it was the SIM card which linked the mobi...

September 21, 2010 3757 Views 0 comment Print


Latest Notifications


Draft rules for amendments by Taxation Laws (Amendment) Act, 2021

Income Tax : No tax demand shall be raised in future on the basis of the amendment to section 9 of the Income-tax Act made vide Finance Act, 20...

August 28, 2021 1131 Views 0 comment Print

Taxation Laws (Amendment) Act, 2021

Income Tax : In section 9 of the Income-tax Act, 1961, in sub-section (1), in clause (i), in Explanation 5, after the third proviso, the follow...

August 14, 2021 3744 Views 0 comment Print

Taxation Laws (Amendment) Bill, 2021

Income Tax : Taxation Laws (Amendment) Bill, 2021 is introduced in Lok Sabha on 05th August 2021. Bill is further to amend the Income-tax Act, ...

August 5, 2021 8001 Views 0 comment Print

Ministry of Finance clarification on Vodafone arbitration appeal

Income Tax : A speculative news story being circulated in some section of media claiming that Attorney General has  given opinion  in favour ...

October 15, 2020 411 Views 0 comment Print

Govt. accepts Order of Bombay HC in Vodafone case

Income Tax : The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, in a major decision, has decided to accept the order of the H...

January 29, 2015 13919 Views 0 comment Print


New IFRS norms may hit Indian Companies Valuation

May 29, 2010 1154 Views 0 comment Print

Large Indian companies could report a sharp fall in the valuation of their assets as new accounting norms prompt these firms to reassess the fair value of their units, a mandatory condition under globalised reporting standards. Adoption of the International Financial Reporting Standards (IFRS), a modern accounting system that Indian companies have to migrate to from next year,

Vodafone Essar given clean chit be special auditor

March 28, 2010 3394 Views 0 comment Print

VODAFONE Essar, the country’s second-largest GSM telco, has been cleared of any wrongdoing by the government-appointed special auditors. Auditor SK Mehta and Co in their 140-page report said there were no discrepancies in the books of Vodafone Essar as the telco’s accounting were in line with international standards, but added that the company may have to pay an additional Rs 188 crore as liabilities to the government.

CAG decided to Audit account of Bharti Airtel, Reliance, Tata, Vodafone and BSNL

February 14, 2010 312 Views 0 comment Print

The Comptroller and Auditor General of India , the apex audit body, has decided to audit the accounts of five telcos– Bharti Airtel , Reliance, Tata, Vodafone and the state-run BSNL– for 2009-10. Telecom regulator TRAI has already appointed a nodal officer to facilitate this audit exercise.

Britsh PM warned India on Vodafone issue

February 6, 2010 471 Views 0 comment Print

Over a year after the Supreme Court dismissed telecom major Vodafone’s petition challenging Indian tax authorities’ jurisdiction over its $11.2-billion acquisition of Hutchison Essar in 2007, UK Prime Minister Gordon Brown has written to Prime Minister Manmohan Singh warning that such tax treatment will affect India’s investment climate.

Department of Telecommunication given ultimatum to the auditors of three telecom majors

January 30, 2010 2706 Views 0 comment Print

The Department of Telecommunication (DoT) has given an ultimatum to the auditors of three telecom majors — Vodafone Essar, Idea Cellular and Bharti Airtel — to submit their final reports to the government by February 7. They are conducting a special audit into allegations of tax evasion.

Special Auditor for Bharti Airtel sought extension from the government

December 22, 2009 486 Views 0 comment Print

Auditors Nayak and Kishnadwala, who are doing special audit for telecom major Bharti Airtel, have sought extension from the government by one-and- a-half months to submit the report. In April, DoT had ordered a special audit on five telecom companies — Bharti Airtel, Vodafone-Essar, Tata Teleservices, Idea Cellular and Reliance Communication — to check alleged mis-reporting of revenue to evade taxes and licence fee.

Issues under Income Tax on Shares & Securities Transactions

December 17, 2009 5823 Views 1 comment Print

With the tax authorities out to prove that the existence of a large number of transactions in shares is to be treated as business income, while the focus of assessees generally has been on trying to refute the tax authorities arguments through stressing the various factual aspects related to the transactions, very often one tends to miss out on exploring the possible alternative contentions, which could mitigate the impact or at times even dissuade the Assessing Officer from treating such transactions as business transactions. What are these contentions?

Vodafone seek time to reply Income Tax Department notice

November 23, 2009 612 Views 0 comment Print

On October 30, 2009, the Income-Tax Department issued a notice to Vodafone International Holdings BV (VIH BV) over its 11.2-billion dollar purchase of Hutchison Telecom’s Indian operations (Vodafone Essar) in 2007. “Vodafone International Holdings BV (VIH-BV) was required to file its explanation by November 16, 2009. However VIH BV has requested for further time till January 29, 2010,” Minister of State for Finance S S Palanimanickam said in a written reply to the Lok Sabha.

Income tax department issued notice to vodafone

October 30, 2009 393 Views 0 comment Print

The Income Tax department has issued a detailed notice today (comprising 531 pages along with annexure running into 1901 pages) under section 201(1) and 201(1A) of the IT Act 1961 to Vodafone International Holdings BV(VIH BV) requiring it to show cause as to why it should not be held that the Department has competent jurisdiction to proceed against it for the default of non-deduction of tax at source from the payment of USD 11.2 billion made on 8th May 2007 to Hutchison Telecommunications International Ltd (HTIL) for transfer of interest in the Indian company Hutch Essar Ltd (HEL).

AAR rules on whether a liaison office can constitute a permanent establishment

June 7, 2009 2742 Views 0 comment Print

This alert summarizes a recent ruling of the Authority for Advance Ruling (AAR) [2009-TIOL-12-ARA–IT] in the case of K.T. Corporation (Applicant) on the issue of whether a Liaison Office (LO), acting as a communication channel, will constitute a Permanent Establishment (PE) of the Applicant under the Double Taxation Avoidance Agreement between India and Korea (Tax Treaty). Considering the facts of the case

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031