No Appeal Against Vodafone - Cabinet
WE had reported in November (), that the Attorney General has advised the Government not to appeal against the Bombay High Court decision in the Vodafone case, where the demand was to the tune of Rs 3,200 crore in a transfer pricing case. (2014-TII-19-HC-MUM-TP).
Based on the opinion of the Chief Commissioner, the CBDT Chairperson and the Attorney General, the Union Cabinet decided to:
i. accept the order of the High Court of Bombay and not to file SLP against it before the Supreme Court of India;
ii. accept of orders of Courts/ ITAT/ DRP in cases of other taxpayers where similar transfer pricing adjustments have been made and the Courts/ ITAT/ DRP have decided/decide in favour of the taxpayer.
There is a similar case of Shell India with Rs. 18,000 Crores.
Is this decision a follow up of the image improving exercise of the Government after President Obama's visit? When Obama reaches the White House, he will be greeted with the information that India has made doing business here a little easier.
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