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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 14598 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 4182 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 4005 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 2907 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 6957 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 1461 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 1440 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 14333 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 1629 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 694 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 3303 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 774 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 7414 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 567 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 3820 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 1176 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 3897 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 8085 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 420 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 14333 Views 0 comment Print


High Court Verdict Strengthens Income Tax Department – CBDT Chairman

December 11, 2008 447 Views 0 comment Print

The CBDT, Chairman Shri N.B. Singh said that the decision of the Mumbai High Court in favour of the Income Tax Department in the case relating to transfer of securities of Vodafone Essar Limited has strengthened the hands of the Income Tax Department.

Latest Advance Ruling may impact billion-dollar Vodafone takeover case

November 22, 2007 522 Views 0 comment Print

Latest Advance Ruling may impact billion-dollar Vodafone takeover case; Capital gains – Transfer of shares between two non-resident entities abroad – Since situs of income is located here, it is taxable in India. TAXING capital gains has always been a tricky subject for the Revenue. If it ever involved two non-resident entities, it always proved to be a much trickier and harder nut to crack. Then came the insertion of the most crucial clause in the statute – the situs of the capital asset, a step to iron out the hiatus in the relevant provisions of the Income Tax Act. This was designed to take care of the transactions between two non-residents over the capital assets situated in India.

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