CBDT analysing HC order on Vodafone transfer pricing case
The Central Board of Direct Taxes (CBDT) will give its views on the Bombay High Court order on the Vodafone transfer pricing case after studying the judgement, chairman K V Chowdary said on Monday.
‘We are examining transfer pricing issue at both the (Income Tax) commissioner and Central Board of Direct Taxes (CBDT) levels. We will take a view shortly,’ he said. He said that all relevant issues would be considered and the department has also sought advice from the Law Ministry in the matter.
On Friday, the Bombay High Court ruled in favour of Vodafone, saying that the British telecom giant is not liable to pay Rs 3,200 crore demanded by the Income Tax department in a case related to transfer pricing.