Sunday, February 15, 2015

Vodafone, Shell get tax relief

The Modi government decided not to appeal against the judgment of the Bombay High Court in the Transfer Pricing cases relating to global firms Vodafone and Shell. The decision by the Union Cabinet that any tax relief given by courts or tribunals in favour of the taxpayer for sale of allegedly under-priced shares to their foreign parents would not be challenged by the government.

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