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Why India continues to fight the Vodafone, Cairn Energy retrospective tax battles

Why India continues to fight the Vodafone, Cairn Energy retrospective tax battles
Why India continues to fight the Vodafone, Cairn Energy retrospective tax battles
While two recent international decisions against India’s retrospective taxes tell one story, there is another side which ought not to be ignored.
Manu Sanan 10 March, 2021 2:50 pm IST
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Among the many fiscal challenges India faces this budget season, one relates almost entirely to how the law is read on retrospective taxation. What hangs in balance is over Rs 50,000 crore, or more, that may be owed to the exchequer by Cairn Energy Plc and Vodafone BV. While two international tribunals have recently ruled against India in both the above disputes, there is much that belies these seemingly one-sided legal contests. ....

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Govt Extends Deadline For Vivad Se Vishwas Scheme After Overwhelming Response; 1.25 Lakh Long Pending Cases Settled

Finance Minister Nirmala Sitharaman. (PTI)
Following the overwhelming response to its Vivad se Vishwas direct tax dispute resolution scheme, the government has decided to extend the deadline for declarations under the scheme from 28 February to 31 March, and the deadline for payment without additional amount to 30 April, reports
Economic Times.
The scheme has reportedly received an overwhelming response with a settlement amount of over Rs 97,000 crore as of February. So far, over 1,25,144 of the 5,10,491 long-pending cases have been settled under the scheme. These comprise 24.5 per cent of the total number of such cases which were pending before the scheme was introduced. ....

Kar Vivad Samadhan , Kar Vivad Samadhan Scheme , Direct Tax Dispute Resolution Scheme , Direct Tax , Finance Minister Nirmala Sitharaman , Vivad Se Vishwas Scheme , Tax Dispute Resolution , கர் விவாத் சமதன் , கர் விவாத் சமதன் திட்டம் , நேரடி வரி தகராறு தீர்மானம் திட்டம் , நேரடி வரி , விவாத் சே விஸ்வாஸ் திட்டம் , வரி தகராறு தீர்மானம் ,

A quarter of direct tax litigations getting resolved via 'Vivad Se Vishwas'

The Centre s ambitious tax dispute resolution scheme Vivad Se Vishwas has settled almost a quarter of the over 5.10 lakh tax disputes, with about Rs 97,000 crore worth disputed tax being resolved so far under it.
As many as 1,25,144 cases have so far 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, according to sources in the Department of Revenue (DoR).
The response to VsV Scheme has been very encouraging and so far involves the tax dispute settlement amount to the tune of more than Rs 97,000 crore, sources added. ....

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About a quarter of direct tax litigations getting resolved via 'Vivad Se Vishwas'

About a quarter of direct tax litigations getting resolved via Vivad Se Vishwas
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Last Updated: Feb 06, 2021, 04:14 PM IST
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As many as 1,25,144 cases have so far 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, according to sources in the Department of Revenue (DoR).
Agencies
The taxpayer is granted Immunity from levy of interest, penalty and institution of any proceeding for prosecution for any offence under the Income-tax Act in respect of matters covered in the declaration.
The Centre s ambitious tax dispute resolution scheme Vivad Se Vishwas has settled almost a quarter of the over 5.10 lakh tax disputes, with about Rs 97,000 crore worth disputed tax being resolved so far under it. ....

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Vivaad Se Vishwas scheme more successful than previous govt initiatives: Source

Vivaad Se Vishwas scheme more successful than previous govt initiatives: Source
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So far 125,144 cases have opted for the scheme which is 24.5% of the entire long pending 510,491 cases that were in various tax disputes at different legal fora.
Agencies
The Vivad se Vishwas direct tax dispute resolution scheme has received overwhelming response - settlement amount of over Rs 97000 crore - in contrast to similar earlier schemes brought in 1998 and in 2016, a source in the department of revenue said.
So far 125,144 cases have opted for the scheme which is 24.5% of the entire long pending 510,491 cases that were in various tax disputes at different legal fora. ....

Lok Adaalat , Kar Vivad Samadhan , Supreme Court , Resolution Panel , Resolution Committee , Direct Tax Dispute Resolution Scheme , Kar Vivad Samadhan Scheme , Vishwas Scheme , Dispute Resolution Panel , Dispute Resolution Committee , Vsv Scheme , Tax Lok Adaalat , லோக் அதாலத் , கர் விவாத் சமதன் , உச்ச நீதிமன்றம் , தீர்மானம் குழு , நேரடி வரி தகராறு தீர்மானம் திட்டம் , கர் விவாத் சமதன் திட்டம் , விஸ்வாஸ் திட்டம் , தகராறு தீர்மானம் குழு , வ்சுவ் திட்டம் , வரி லோக் அதாலத் ,