NEW DELHI: Central Board of Direct Taxes<\/a> (CBDT<\/a>) chairman P C Mody on Tuesday confirmed that the government has moved Singapore court against an arbitration tribunal’s award in the Vodafone case<\/a>, which has now been admitted for hearing. The Centre is also examining the Cairn<\/a> order related to the retrospective amendment of tax laws.

“The law as it stands, there was a case to appeal against the award. How can the arbitration award be contrary to the law that is there? It is their interpretation and we believe there is a case against appeal... Can a bilateral treaty take away the taxation rights of a jurisdiction? That is the larger question,” the CBDT chief told TOI.

In a post-Budget interview, Mody sought to defend the government decision to levy a tax on provident and ULIP contributions beyond a threshold on the ground that only a “select few” will be affected. “The idea is to bring in greater equity. The tax structure should be simple. External interventions such as promoting savings or something else can be done more efficiently through other instruments. Why should tax be the instrument? It makes things more complicated. The idea is to leave the money with the taxpayer as he is the best judge, whether he wants to spend or invest, or decide whatever is the best instrument for him.”

He appeared optimistic about meeting the direct tax collection target, arguing that an improvement in economic activity, as well as a, revamp of the tax administration will help.

“There is a paradigm shift in the processes and the manner in which the tax administration is geared. From a territorial jurisdiction, we have moved to dynamic jurisdiction. We have moved to consistency, objectivity, some sort of uniformity. This is an absolute game-changer. End-to-end is faceless. The overall experience that the taxpayer is getting that he can go about his economic activity without bothering about tax.”

Besides, he said the recent initiatives on data sharing with the indirect tax wing as well as with other agencies such as Sebi and the
ministry of corporate affairs<\/a> are helping keep tabs.
<\/p><\/body>","next_sibling":[{"msid":80664927,"title":"Excitel says broadband subscriber base grew 55% to reach 500,000 in 2020","entity_type":"ARTICLE","link":"\/news\/excitel-says-broadband-subscriber-base-grew-55-to-reach-500000-in-2020\/80664927","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":80664956,"entity_type":"ARTICLE","title":"Government\u2019s appeal against Vodafone admitted in Singapore court","synopsis":"\u201cThe law as it stands, there was a case to appeal against the award. How can the arbitration award be contrary to the law that is there? It is their interpretation and we believe there is a case against appeal... Can a bilateral treaty take away the taxation rights of a jurisdiction? That is the larger question,\u201d CBDT chief told TOI.","titleseo":"telecomnews\/governments-appeal-against-vodafone-admitted-in-singapore-court","status":"ACTIVE","authors":[{"author_name":"Sidhartha","author_link":"\/author\/19875\/sidhartha","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/19875.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":19875,"author_name":"Sidhartha","author_seo_name":"Sidhartha","designation":"Editor","agency":false}},{"author_name":"Surojit Gupta","author_link":"\/author\/479245772\/surojit-gupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479245772.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479245772,"author_name":"Surojit Gupta","author_seo_name":"Surojit-Gupta","designation":"Senior Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2021-02-03 12:41:08","lastupd":"2021-02-03 12:43:38","breadcrumbTags":["vodafone arbitration case","CBDT","Cairn","Industry","Central Board of Direct Taxes","Vodafone case","Vodafone","ministry of corporate affairs"],"secinfo":{"seolocation":"telecomnews\/governments-appeal-against-vodafone-admitted-in-singapore-court"}}" data-authors="[" sidhartha","surojit gupta"]" data-category-name="" data-category_id="" data-date="2021-02-03" data-index="article_1">

政府的沃达丰(Vodafone)承认在新加坡法院提起上诉

“法律,有一个案件裁决提出上诉。如何与仲裁裁决的法律吗?这是他们的解释,我们相信有一个案件上诉…双边条约可以带走的税收权利管辖?这是大问题,”CBDT首席告诉钢铁洪流。

Sidhartha Surojit古普塔
  • 2021年2月3日更新点时43分,坚持

新德里消息:中央委员会的直接税收(CBDT)主席P C Mody周二证实,政府已经新加坡法院对仲裁庭的裁决沃达丰(Vodafone)情况下,现在已经承认听力。该中心还检查凯恩订单回顾相关税收法律的修正案。

“法律,有一个案件裁决提出上诉。如何与仲裁裁决的法律吗?这是他们的解释,我们相信有一个案件上诉…双边条约可以带走的税收权利管辖?这是大问题,”CBDT首席告诉钢铁洪流。

广告
post-Budget采访中,Mody试图捍卫政府决定征收税provident ULIP贡献超过一个阈值在地面上,只有一个“少数”将受到影响。“我们的想法是带来更大的股权。税收结构应简单。等外部干预促进储蓄或其他东西可以通过其他工具更有效地完成。为什么税收工具?它会让事情更复杂。这个想法是为了让纳税人的钱,因为他是最好的法官,他是否想消费或投资,决定什么是最好的工具。”

他乐观会议的直接税收征管目标,认为经济活动的改善,以及改革的税收管理会有所帮助。

“有一种范式的转变过程和税务管理是齿轮传动的方式。从领土管辖范围内,我们已经搬到动态管辖。我们已经搬到一致性、客观性的某种一致性。这是一个绝对的改变。端到端都是无名无姓的。纳税人的总体体验让他可以对经济活动对税收没有打扰。”

广告
除此之外,他说最近项目数据共享与间接税翼以及与其他机构如印度证券交易委员会和公司事务部帮助保持标签。

  • 发布于2021年2月3日是41点
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NEW DELHI: Central Board of Direct Taxes<\/a> (CBDT<\/a>) chairman P C Mody on Tuesday confirmed that the government has moved Singapore court against an arbitration tribunal’s award in the Vodafone case<\/a>, which has now been admitted for hearing. The Centre is also examining the Cairn<\/a> order related to the retrospective amendment of tax laws.

“The law as it stands, there was a case to appeal against the award. How can the arbitration award be contrary to the law that is there? It is their interpretation and we believe there is a case against appeal... Can a bilateral treaty take away the taxation rights of a jurisdiction? That is the larger question,” the CBDT chief told TOI.

In a post-Budget interview, Mody sought to defend the government decision to levy a tax on provident and ULIP contributions beyond a threshold on the ground that only a “select few” will be affected. “The idea is to bring in greater equity. The tax structure should be simple. External interventions such as promoting savings or something else can be done more efficiently through other instruments. Why should tax be the instrument? It makes things more complicated. The idea is to leave the money with the taxpayer as he is the best judge, whether he wants to spend or invest, or decide whatever is the best instrument for him.”

He appeared optimistic about meeting the direct tax collection target, arguing that an improvement in economic activity, as well as a, revamp of the tax administration will help.

“There is a paradigm shift in the processes and the manner in which the tax administration is geared. From a territorial jurisdiction, we have moved to dynamic jurisdiction. We have moved to consistency, objectivity, some sort of uniformity. This is an absolute game-changer. End-to-end is faceless. The overall experience that the taxpayer is getting that he can go about his economic activity without bothering about tax.”

Besides, he said the recent initiatives on data sharing with the indirect tax wing as well as with other agencies such as Sebi and the
ministry of corporate affairs<\/a> are helping keep tabs.
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