Tax Disputes

Padmaja Reddy resigned from her position as the managing director of the company on November 2, 2021. Subsequently, certain disputes arose between Reddy and the board

Netflix has agreed to pay more than 55.8 million euros and set up a legal entity in Italy to settle a tax dispute, Milan prosecutors said on Friday.

Two prominent policymakers - finance secretary TV Somanathan and revenue secretary Tarun Bajaj - said on Monday that the larger industry had a big role to play in reducing tax disputes

Bombay HC paves the way for firms to settle disputes with tax authorities

With this, the group is a step nearer to closing the dispute on withholdings tax with Cairn India

The government should constitute a panel to examine disputes, especially those where the Department has lost in the lower forums and appealed in a higher one

Indemnity bond to be furnished by the firm and other interested party

The oil and gas company said it was considering entering into statutory undertakings with the Indian government.

The government has taken a balanced stance by committing to the multilateral approach for addressing tax challenges of digitalisation

Here are the best of Business Standard's opinion pieces for Friday

Tax department should not issue notices indiscriminately

Many assessees have challenged reassessment notices under old law

128,733 declarations filed to resolve tax disputes of Rs 98,328 crore

Govt should end its retrospective tax disputes

So far, 1,25,144 cases have opted for the Vivad se Vishwas (VsV) Scheme, which is 24.5 per cent of the 5,10,491 cases that were pending at different legal fora

This is due to dismal participation and industry representations seeking more time for declaration

Consider factors like your chances of winning, cost of litigating, consequences of losing, implications of carrying forward losses, and so on and then decide whether to participate in the scheme

Vivad Se Vishwas scheme allows the waiver of interest, penalty, and prosecution for settling tax disputes due up to January 31, 2020

"The govt will be studying the award and all its aspects carefully in consultation with our counsels," Finance Ministry said in a statement, adding that it will consider all options

Direct tax board issues detailed guidance on mutual agreement procedure, or MAP