'India Sending Right Messages On Non-Adversarial Tax Policy
NEW DELHI: Asserting that India is sending the right messages on its non-adversarial tax policy, a senior government official today said there are some "legacies of the past" that are posing challenges.
"I think the government has sent all right messages as far as consistency, predictability and clarity of tax policy is concerned.
"It government has not appealed against Vodafone case, which very few government would have done. And I see the tax department far more friendlier than it was in the past," said the Secretary, Department of Industrial Policy and Promotion Amitabh Kant at an event.
However, he said that there are some challenges which are legacies of the past. There are issues related with taxation and India needs consistency and predictability of policy.
In January, the government had said that it would not appeal against a Bombay High Court ruling that Vodafone was not liable to pay tax demand of Rs 3,200 crore in a transfer pricing case.
The decision of not filing an appeal in the Vodafone case was taken at the highest level following advice by Attorney General Mukul Rohatgi.
The tax authority had issued a show cause notice to Vodafone India on January 17, 2014 and later passed an order asking it to pay additional Rs 3,200-crore tax for allegedly undervaluing the shares of its Pune BPO.
Read Also:
