Centre notifies rules to settle Vodafone retro tax case
The Hindu
The government has promised to refund any tax collected using the controversial 2012 amendment to the Income Tax Act
The government has notified a fresh set of rules to facilitate settlement of the retrospective tax dispute with British telecom giant Vodafone Plc.
The Central Board of Direct Taxes (CBDT) on October 13 notified 'Relaxation of Validation (Section 119 of the Finance Act, 2012) Rules, 2021', prescribing the forms and conditions for the declaration to be filed by the company for settling its case.
After enacting a law to scrap any tax demand levied on companies using the controversial 2012 amendment to the Income Tax Act, the government on October 2 .
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.