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Journalism of Courage
Amid the ongoing controversy over the proposed amendment to I-T Act retrospectively to tax Vodafone like deals,the government today said it will go by the views of Parliament.
…my understanding is that the Finance Bill is coming in the first week of May and I have to go by what Parliament says, Law Minister Salman Khurshid told reporters here.
The Netherlands-based unit of Vodafone has served a legal notice to the government threatening to drag India to international arbitration if the telecom giant was made liable to pay Rs 11,000 crore in taxes over a 2007
acquisition.
When you receive a notice,you look at it,you analyse it… Finance Minister (Mukherjee) has to take a call, Khurshid said when asked about the notice.
Vodafone sent the notice to Prime Ministers Office,with copies marked to Mukherjee,Khurshid and Telecom Minister Kapil Sibal,claiming the proposed law violated the international legal protections granted to Vodafone and other international investors in India.
