Tax Disputes

Spandana Sphoorty-Reddy settlement clears way for announcing FY22 results

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 pays $59 mn to set up legal entity and settle tax dispute in Italy

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.

Industry has a role to play in reducing tax disputes, says FinMin

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

Companies facing probe get relief from HC for settling pre-GST disputes

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

Vedanta group entities withdraw multiple tax disputes with Indian govt

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

Wanted, a panel to settle tax disputes

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

Retro tax framework: Companies to indemnify govt against any future claims

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

Cairn Energy plans $700 mn shareholder returns if India tax row resolved

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

Digital taxation: How a consensus-based approach may benefit Indian economy

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

Best of BS Opinion: Targeting taxpayers, Bharat Ratna for Dr Kurien & more

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

Targeting taxpayers

Tax department should not issue notices indiscriminately

Centre mulls Ordinance for past tax assessment as litigation mounts

Many assessees have challenged reassessment notices under old law

Vivad se Vishwas scheme collected Rs 54,000 cr till March 1: MoS Finance

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

Time to move on

Govt should end its retrospective tax disputes

Rs 97k cr disputed sum offered for settlement under Vivad Se Vishwas

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

Vivad se Vishwas: Direct tax dispute resolution scheme may be extended

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

Tax litigation: If your case is weak, opt for Vivad se Vishwas Scheme

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

As Vivad Se Vishwas scheme draws to close, tax officers face the heat

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

Govt to study legal options after losing Vodafone arbitration case

"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

Cross-border tax disputes: ITAT orders to overrule MAP outcomes, says CBDT

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