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\"\"NEW DELHI: The Finance<\/a> Ministry today said it has moved the Cabinet for withdrawing from conciliation proceedings to resolve the tax row with Vodafone after the UK-based telecom firm served notice of arbitration.
\n
Vodafone in a letter to the Revenue Department<\/a> dated March 13 had stated they saw no merit in reviewing the matter of conciliation in the Rs 20,000-crore capital gains tax dispute case after receipt of the decision of the ITAT.
\n
\nIt had further said that the only body capable of resolving the issue would be an arbitration panel constituted according to the Bilateral Investment Promotion and Protection Agreement (BIPA).
\n
\nListing out the sequence of events, the Finance Ministry in a statement said it was then decided to approach the Cabinet again, bringing these facts to it notice and seeking approval for withdrawing from conciliation.
\n
\n\"Meanwhile, without waiting for the outcome of the ITAT proceedings, Vodafone International Holdings B.V.(VIHBV) has served a 'Notice of Arbitration' dated April 17 seeking arbitration under the BIPA between India and the Netherlands,\" the official statement said.
\n
Earlier in February, the Cabinet had deferred considering the proposal to withdraw from conciliation talks with the UK-based firm, pending settlement of Rs 3,700 crore Vodafone's transfer-pricing case at the Income Tax<\/a> Appellate Tribunal (ITAT).
\n
Last year in June, the Cabinet had approved conciliation with Vodafone to resolve the capital gains tax dispute related to its 2007 acquisition of Hutchison Whampoa<\/a>'s stake in Hutchison Essar.
\n
\nWhile the basic tax demand is Rs 7,990 crore, the total outstanding is Rs 20,000 crore after including penalty.
\n
The Supreme Court<\/a> had ruled in Vodafone's favour in 2012, saying it was not liable to pay any tax over the acquisition of assets in India from Hong Kong-based Hutchison.
\n
\nThe government changed the rules later in 2012 to enable it to claim tax retrospectively on concluded deals.\n\n<\/body>","next_sibling":[{"msid":35003612,"title":"Remove towers from schools, hospitals, Nanded civic body tells telcos","entity_type":"ARTICLE","link":"\/news\/policy\/remove-towers-from-schools-hospitals-nanded-civic-body-tells-telcos\/35003612","category_name":null,"category_name_seo":"policy"}],"related_content":[],"msid":35028425,"entity_type":"ARTICLE","title":"Vodafone Tax Row: Finance Ministry moves Cabinet for withdrawing from peace talks","synopsis":"FinMin moved the Cabinet for withdrawing from conciliation proceedings to resolve tax row with Vodafone after UK-based telecom firm served notice of arbitration.","titleseo":"policy\/vodafone-tax-row-finance-ministry-moves-cabinet-for-withdrawing-from-peace-talks","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2014-05-12 20:19:15","lastupd":"2014-05-12 20:20:08","breadcrumbTags":["finance","policy","Supreme Court","Income Tax","M&A","Hutchison Whampoa","revenue department","Vodafone tax case"],"secinfo":{"seolocation":"policy\/vodafone-tax-row-finance-ministry-moves-cabinet-for-withdrawing-from-peace-talks"}}" data-authors="[" "]" data-category-name="Policy" data-category_id="19" data-date="2014-05-12" data-index="article_1">

沃达丰税收行:财政部移动内阁退出和谈

FinMin搬内阁退出调解程序解决税务争议后与沃达丰英国电信公司仲裁通知。

  • 更新2014年5月12日下午08:20坚持
新德里:金融的内阁部长今天说,它已经退出调解程序解决税务争议后与沃达丰英国电信公司仲裁通知。

沃达丰的一封信收入的部门日期为3月13日曾表示,他们认为没有价值评估此事调解的价值20000卢比的资本利得税争议案件后收到的决定开办。

它进一步说,只有身体解决问题的能力将是一个仲裁小组构成根据双边投资促进和保护协定(BIPA)。

列出的事件顺序,财政部在一份声明中表示,然后再决定方法内阁,将这些事实通知并寻求批准退出调解。

“与此同时,没有等待的ITAT诉讼的结果,沃达丰(Vodafone)国际控股容积(VIHBV)曾寻求仲裁仲裁通知的日期为4月17日在印度和荷兰之间BIPA下,“官方声明中说。

2月早些时候,内阁已推迟考虑建议退出调解与英国公司,等待解决3700卢比沃达丰的转移定价的案例所得税上诉法庭开办。

去年6月,内阁已批准了资本利得税与沃达丰(Vodafone)调解解决纠纷的2007年收购有关和记黄埔(Hutchison Whampoa)Hutchison Essar的股份。

虽然基本税收需求是7990卢比,总未包括点球后20000卢比。

的最高法院有利于沃达丰的统治2012年,说它没有责任支付任何税收的收购资产从香港和记黄埔在印度。

在2012年晚些时候,政府改变了规则,使它声称税收回顾性总结交易。
  • 发表在2014年5月12日08:19点坚持
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\"\"NEW DELHI: The Finance<\/a> Ministry today said it has moved the Cabinet for withdrawing from conciliation proceedings to resolve the tax row with Vodafone after the UK-based telecom firm served notice of arbitration.
\n
Vodafone in a letter to the Revenue Department<\/a> dated March 13 had stated they saw no merit in reviewing the matter of conciliation in the Rs 20,000-crore capital gains tax dispute case after receipt of the decision of the ITAT.
\n
\nIt had further said that the only body capable of resolving the issue would be an arbitration panel constituted according to the Bilateral Investment Promotion and Protection Agreement (BIPA).
\n
\nListing out the sequence of events, the Finance Ministry in a statement said it was then decided to approach the Cabinet again, bringing these facts to it notice and seeking approval for withdrawing from conciliation.
\n
\n\"Meanwhile, without waiting for the outcome of the ITAT proceedings, Vodafone International Holdings B.V.(VIHBV) has served a 'Notice of Arbitration' dated April 17 seeking arbitration under the BIPA between India and the Netherlands,\" the official statement said.
\n
Earlier in February, the Cabinet had deferred considering the proposal to withdraw from conciliation talks with the UK-based firm, pending settlement of Rs 3,700 crore Vodafone's transfer-pricing case at the Income Tax<\/a> Appellate Tribunal (ITAT).
\n
Last year in June, the Cabinet had approved conciliation with Vodafone to resolve the capital gains tax dispute related to its 2007 acquisition of Hutchison Whampoa<\/a>'s stake in Hutchison Essar.
\n
\nWhile the basic tax demand is Rs 7,990 crore, the total outstanding is Rs 20,000 crore after including penalty.
\n
The Supreme Court<\/a> had ruled in Vodafone's favour in 2012, saying it was not liable to pay any tax over the acquisition of assets in India from Hong Kong-based Hutchison.
\n
\nThe government changed the rules later in 2012 to enable it to claim tax retrospectively on concluded deals.\n\n<\/body>","next_sibling":[{"msid":35003612,"title":"Remove towers from schools, hospitals, Nanded civic body tells telcos","entity_type":"ARTICLE","link":"\/news\/policy\/remove-towers-from-schools-hospitals-nanded-civic-body-tells-telcos\/35003612","category_name":null,"category_name_seo":"policy"}],"related_content":[],"msid":35028425,"entity_type":"ARTICLE","title":"Vodafone Tax Row: Finance Ministry moves Cabinet for withdrawing from peace talks","synopsis":"FinMin moved the Cabinet for withdrawing from conciliation proceedings to resolve tax row with Vodafone after UK-based telecom firm served notice of arbitration.","titleseo":"policy\/vodafone-tax-row-finance-ministry-moves-cabinet-for-withdrawing-from-peace-talks","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2014-05-12 20:19:15","lastupd":"2014-05-12 20:20:08","breadcrumbTags":["finance","policy","Supreme Court","Income Tax","M&A","Hutchison Whampoa","revenue department","Vodafone tax case"],"secinfo":{"seolocation":"policy\/vodafone-tax-row-finance-ministry-moves-cabinet-for-withdrawing-from-peace-talks"}}" data-news_link="//www.iser-br.com/news/policy/vodafone-tax-row-finance-ministry-moves-cabinet-for-withdrawing-from-peace-talks/35028425">