Page 21 - Vodafone
I-T Act does not provide for arbitration on tax matters: Amar Gahlot
Notices can be issued by tax authorities for various reasons. One such reason can be to effect recovery. This is what Vodafone is facing lately, even when the matter is before arbitration. The moot question, hence, would be - can the department issue a recovery notice, when the dispute is pending before an arbitration panel? The legal answer to this would be a certain 'yes'.Once a tax has been determined by revenue authorities as 'payable', it can be recovered, even coercively. The pendency of the case, even before the high court or Supreme Court, does not prevent the recovery of tax. The only remedy is to get the recovery 'stayed' by a court.It is noteworthy that the Income-tax Act does not provide for any arbitration on tax matters. International arbitrations are generally invoked to protect investments running in astronomical figures - as is the case with Vodafone, which has resorted to the India-Netherlands Bilateral Investment Treaty. This arbitration certainly does not put a lega
 "I-T Act does not provide for arbitration on tax matters: Amar Gahlot")
Vodafone to invest Rs 6,000-cr in Maharashtra
Says investments will help increase the number of people employed by the company to 15,000 over the next few years
 "Vodafone to invest Rs 6,000-cr in Maharashtra")
Committed to India as long term investor: Vodafone
The company also said that it enjoys a constructive relationship with India