SUPREME COURT DECLINE TO STAY BOMBAY HIGH COURT ORDER IN VODAFONE TAX PLEA CASE , FRESH DEMAND NOTICE SOON
The Income Tax Department on Monday said that it will issue a demand for over R12,000 crore to Vodafone within four weeks, following a Supreme Court verdict to that effect. “We will be raising tax demand on Vodafone within four weeks,” CBDT Chairman S.S.N. Moorthy said. He said a few similar cases are also under the I-T department’s scanner, but refused to name them. “Apprehensions have been expressed in different quarters regarding the impact of such action on foreign investment in
