Search by Keywords x
contact us contact us | home help



 Welcome Guest | Sep 18 2014
 
Home Skip Navigation Links
Search by Database Expand Search by Database
Skip Navigation Links
Subject Modules Expand Subject Modules
Skip Navigation Links
State Modules Expand State Modules
Skip Navigation Links
Legal Focus Expand Legal Focus
 

Login

  

Free Demo

Database Updates
Search by Database
Resources
Subject Modules

News Search

SC rejects review plea filed by Centre in Vodafone case

20.3.2012 (UNI) In a major setback for the UPA government, the Supreme Court today dismissed the review petition filed by the Centre in the Vodafone case.

A three-judge bench headed by Chief Justice S H Kapadia had allowed the petition of Vodafone challenging the demand of Rs 11000 crore by the Income Tax department in Vodafone-Hutchsion deal.

The Union government had challenged the judgement on the grounds that it was a policy matter and the Supreme Court should not have interfered in the matter.

The apex court bench which also comprised Justices A K Patnaik and Swantenter Kumar in their order today noted that there was no merit in the review petition.

The government has also decided to amend the Income Tax Act with effect from 1962 to cover transactions which have taken place in a foreign country but with capital gains occurring in India. The IT department would be entitled to demand income tax in such cases. UNI

Copyright © 1997-2014 | Privacy Policy | Disclaimer