Vodafone Group Chief to call on Jaitley, PM this week,Within canicule of accepting a favourable adjudication in the Rs 8,500 crore alteration appraisement case from the Bombay High Court, Vodafone Group CEO Vittorio Colao will alarm on Finance Minister Arun Jaitley this week. Colao will appointment India on October 14 and is appointed to accommodated Jaitley the aforementioned day, sources told PTI.
A affair with Prime Minister Modi has aswell been sought. A Vodafone agent did not acknowledge to the emails gluttonous comments on Colao's India visit. His affair assumes acceptation as the Finance Ministry is yet to yield a alarm on filing an address in the alteration appraisement case in the Supreme Court. Acquirement Secretary Hasmukh Adhia had beforehand said that the acquirement administration will "study the adjustment of Bombay High Court on Vodafone alteration appraisement affair and again yield a alarm accordingly".
In a big abatement for telecom above Vodafone India, the Bombay High Court endure anniversary set abreast an adjustment of Income Tax Appellate Tribunal (ITAT) which had disqualified that the I-T Administration had admiral to accession tax appeal on the aggregation in a Rs 8,500-crore alteration appraisement case. During his affairs with Jaitley and Modi, the Rs 20,000 crore tax altercation bound up in adjudication may aswell appear up for discussion.
The case relates to attendant alteration to the I-T laws agitated out by the UPA government in 2012 to upturn the Supreme Court adjudication which had favoured Vodafone. This case pertains to burden of basic assets tax on auction of India assets by Hong Kong-based Hutchison to Vodafone. Vodafone had accomplished adjudication affairs adjoin India. While both India and Vodafone had called their corresponding arbitrators, the two accept not yet been able to accede on a third adjudicator to administer over the proceedings.
A affair with Prime Minister Modi has aswell been sought. A Vodafone agent did not acknowledge to the emails gluttonous comments on Colao's India visit. His affair assumes acceptation as the Finance Ministry is yet to yield a alarm on filing an address in the alteration appraisement case in the Supreme Court. Acquirement Secretary Hasmukh Adhia had beforehand said that the acquirement administration will "study the adjustment of Bombay High Court on Vodafone alteration appraisement affair and again yield a alarm accordingly".
In a big abatement for telecom above Vodafone India, the Bombay High Court endure anniversary set abreast an adjustment of Income Tax Appellate Tribunal (ITAT) which had disqualified that the I-T Administration had admiral to accession tax appeal on the aggregation in a Rs 8,500-crore alteration appraisement case. During his affairs with Jaitley and Modi, the Rs 20,000 crore tax altercation bound up in adjudication may aswell appear up for discussion.
The case relates to attendant alteration to the I-T laws agitated out by the UPA government in 2012 to upturn the Supreme Court adjudication which had favoured Vodafone. This case pertains to burden of basic assets tax on auction of India assets by Hong Kong-based Hutchison to Vodafone. Vodafone had accomplished adjudication affairs adjoin India. While both India and Vodafone had called their corresponding arbitrators, the two accept not yet been able to accede on a third adjudicator to administer over the proceedings.
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