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Tax demand News

31 Mar 2024

Zomato Gets Tax Demand Order Of Rs 23.26 Crore

In a regulatory filing to the BSE, the company said it has "received an order for FY 2018-19 pursuant to the audit of GST returns and accounts.

Income Tax Appellate Tribunal

18 Jul 2017

ITAT upholds tax demand raised on NDTV

The tax department had alleged that Rs 218.30 crore was the tax that was sought to be evaded on investment of Rs 642.54 crore. It had sought a penalty of Rs 436.8 crore at the rate of 200 percent of tax evaded

10 Jul 2016

Congress mulls over plan to drop its key GST demand

Congress, the main opposition party in Parliament may be planning to drop its main demand - the tax rate to be written into Constitutional amendment.

17 Apr 2015

FIIs should go to courts against tax demand: Revenue Secy

"If you are not satisfied with a particular judicial pronouncement, the answer is to go and appeal to a next higher judicial forum," he said.

07 Apr 2015

Cairn India takes authorities to court over $3.3 billion tax demand

Cairn India Ltd, India's largest private-sector oil producer, said on Monday it had moved the Delhi High Court against a USD 3.3 billion tax demand from Indian authorities related to its listing in 2007.

06 Apr 2015

What is due must be paid, India no tax haven: FM Jaitley

Finance Minister Arun Jaitley on Monday asserted that legitimate tax demand cannot be considered "tax terrorism" because India is not a tax haven.

13 Mar 2015

Cairn India gets $3.3 billion tax demand days after ex-parent contests own bill

Cairn India Ltd, a unit of London-listed Vedanta Group Plc, said it received a demand of about 204 billion rupees ($3.26 billion) from the Indian tax office on Friday in relation to the 2007 listing of the company.

12 Feb 2015

CBDT sets up committee to simplify tax procedures

In yet another step to simplify tax procedures, CBDT has constituted a committee to redraft existing guidelines for undertaking write-off procedures in irrecoverable tax demand cases.

28 Jan 2015

Vodafone says stable tax regime important

Welcoming the government's decision not to appeal against a court order in a transfer pricing case, UK-based telecom giant Vodafone today said stability in tax matters is important for investors.

21 Nov 2014

Unsustainable tax demand would only earn bad name: FM

Jaitley's comments come in the wake of Mumbai High Court order earlier this week wherein Income-Tax Department lost its Rs 18,000-crore transfer pricing cases against oil major Shell India.

10 Oct 2014

Vodafone welcomes Indian tax battle win

Vodafone on Friday welcomed an Indian court ruling in favour of the British mobile giant which was engaged in a $490-million tax battle with local authorities.

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