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\n\n\tMumbai: The Central Board of Direct Taxes (CBDT) will give its views on the high court order on Vodafone transfer pricing case after studying the judgement, chairman K V Chowdary said today.<\/p>\n
\n\t\"We are examining transfer pricing issue at both the (Income Tax) commissioner and Central Board of Direct Taxes (CBDT) levels. We will take a view shortly,\" he told .<\/p>\n
\n\tHe said that all relevant issues would be considered and the department has also sought advice from the Law Ministry in the matter.<\/p>\n
On Friday, the Bombay High Court<\/a> ruled in favour of Vodafone, saying that the British telecom giant is not liable to pay Rs 3,200 crore demanded by the Income Tax department in a case related to transfer pricing.<\/p>\n The Income Tax department had charged Vodafone India<\/a> additional income tax alleging that it had undervalued its shares in its subsidiary Vodafone India Services<\/a>, while transferring them to its parent company in Britain. The transaction took place in FY2010.<\/p>\n \n\tTransfer pricing is the practice of arm's length pricing for transactions between group companies based in different countries to ensure that a fair price ?- one that would have been charged to an unrelated party ?- is levied.<\/p>\n \n\tSince cases similar to Vodafone's transfer pricing cases have come to the light, Chowdary said, \"Existing cases will be treated as per relevant laws in existence while new ones related to transfer pricing will go to a specially constituted High Level Co-ordination Committee (HLCC)\".<\/p>\n \n\tAs for the second case on Vodafone involving an Income Tax claim of USD 2 billion after a controversial amendment in the statute retrospectively, Chowdary said an arbitration is under way to arrive at a solution. (MORE) KD AA BA MR<\/p>\n\n<\/body>","next_sibling":[{"msid":44797045,"title":"After Vodafone, Airtel too wants urgent allotment of spectrum","entity_type":"ARTICLE","link":"\/news\/industry\/after-vodafone-airtel-too-wants-urgent-allotment-of-spectrum\/44797045","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":44804192,"entity_type":"ARTICLE","title":"HC order on Vodafone transfer pricing being analysed: CBDT","synopsis":"The Central Board of Direct Taxes (CBDT) will give its views on the high court order on Vodafone transfer pricing case after studying the judgement.","titleseo":"industry\/hc-order-on-vodafone-transfer-pricing-being-analysed-cbdt","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2014-10-13 20:40:57","lastupd":"2014-10-13 20:42:37","breadcrumbTags":["industry","Bombay high court","Vodafone India","Vodafone India Services"],"secinfo":{"seolocation":"industry\/hc-order-on-vodafone-transfer-pricing-being-analysed-cbdt"}}" data-authors="[" "]" data-category-name="Industry" data-category_id="18" data-date="2014-10-13" data-index="article_1">
孟买:中央委员会直接征税(CBDT)将其意见高等法院命令沃达丰转让定价案例研究判断后,主席K V Chowdary今天说。 “我们正在研究转让定价问题(所得税)委员和中央委员会直接征税(CBDT)水平。不久我们将一个视图,”他告诉。 他说会考虑所有相关问题和部门也向法律部门在这个问题上寻求建议。 周五,孟买高等法院沃达丰有利的判决,称英国电信巨头不承担责任支付3200卢比的收入税务部门所要求的转让定价相关的案件。 所得税部门指控沃达丰印度额外的所得税,声称它低估了它的子公司的股份沃达丰印度服务在英国,而将他们转移到母公司。交易发生在FY2010。 转让定价是公平定价的实践为基础的集团公司之间的交易在不同的国家,以确保一个公平的价格吗?——一个会被指控无关的聚会吗?——征收。 以来情况下类似于沃达丰的转让定价案件浮出水面,Chowdary说,“现有的情况下将按相关法律存在,而新的有关转让定价将去一个特别构成高水平协调委员会(益)”。 至于第二种情况涉及所得税的沃达丰上声称的20亿美元在一个有争议的修正案法令回顾性,Chowdary说仲裁正在到达一个解决方案。(更多)KD AA英航先生
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