E-PaperTax Disputes News
Tax department to appeal in fewer disputes to give relief to tax payers, cut litigation
The tax department will not appeal to the tax tribunal (ITAT) unless the ‘tax effect’ or the disputed tax claim is over ₹50 lakh in a caseThe move is expected to improve ease of doing business for companies struggling to cope with a cooling down economy.
1 min read8 Aug 2019Reforming the income tax tribunal
The redrafting of the rules provides an opportunity for the tribunal to demonstrate its ability to be one of the leading dispute resolution forums in India
5 min read25 Jun 2017Income tax dept rationalises ‘safe harbour’ rates for MNCs
Under the new rules, Indian units of MNCs declaring minimum operational profits specified in the safe harbour scheme will not be subject to rigorous transfer pricing audits
2 min read9 Jun 2017GST roll-out: Bengal govt amends laws to settle tax disputes
Ahead of the GST roll-out, West Bengal government has amended four different laws, creating incentives for settlement of disputes over unpaid local taxes
1 min read24 May 2017Turning taxpayers into customers
The shift will mean that the tax officers will also be assessed on the customer satisfaction they achieved
4 min read16 Jan 2017UK asks India to facilitate early resolution of long pending tax disputes
The Vodafone tax demand, which was initially around Rs8,000 crore, has now more than doubled to Rs20,000 crore with interest and penalty
3 min read8 Nov 2016India may come under pressure on commitments on rights of foreign investors
India, after several tax disputes with foreign investors, has decided to terminate 57 of its investment treaties and replace them in accordance with a 2015 model bilateral investment treaty
3 min read26 Jul 2016We need innovative ideas and out-of-the-box thinking: Mukesh Butani
Butani of BMR Legal on the challenges faced by India in improving its tax administration and evolving alternative dispute resolution mechanisms
5 min read15 Jul 2016Govt said to plan deadline as no takers on tax settlement offer
The government says Vodafone and Cairn together owe it `20,000 crore in taxes and another `30,000 crore in penalties and interest on the dues
1 min read2 Jul 2016Vodafone, Cairn Energy have 7 months to accept govt’s olive branch in tax disputes
Neither Vodafone nor Cairn has been very enthusiastic about the tax dispute resolution scheme; both maintain their stance that they are not liable to pay tax in India
2 min read1 Jun 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared