-The Economic Times   The Supreme Court has declined to reconsider its ruling that the tax authorities had no jurisdiction to tax Vodafone's offshore acquisition of its Indian mobile unit, handing what could be a pyrrhic victory to the telecom major. The tax demand, government officials familiar with the case said, could be revived once the provisions in the Union Budget seeking to tax overseas deals are approved by Parliament later this...

The state government has rejected the demand of Right to Information Act activists to incorporate postal orders as one of the modes of payment of application fee and further fee under the RTI. Citing difficulty in the present prescribed modes of payment such as cash, DD, cheque and money order, the activists had petitioned the government seeking Amendment to the Act to incorporate postal orders as a mode of payment. “Most public...

Parliament has the power and jurisdiction to clarify, enact law or bring Amendments to a law with retrospective effect to remove the basis or defects in a judgment, say legal experts. Under the proposed Amendment to the Income Tax Act announced by Finance Minister Pranab Mukherjee in the budget, to come into effect from April 1, 1962, all persons, resident or non-resident, having business connection in India will have to incur...

Finance Minister Pranab Mukherjee maintained on Sunday that the budgetary proposal to amend the Income Tax Act with retrospective effect from 1962 to assert the government's right to levy tax on merger and acquisition (M&A) deals involving overseas companies with business assets in India is not Vodafone “case specific,” but an enabling provision to protect the fiscal interests of the country and avert the chances of a crisis. Faced with all-round...

The Centre on Friday informed the Supreme Court that appropriate steps would soon be taken to amend the Employment of Manual Scavengers and Construction of Dry Latrines (Prohibition) Act, 1993 to eliminate manual scavenging. Additional Solicitor General Harin Raval told a Bench of Justices H.L. Dattu and C.K. Prasad that necessary Amendments would be introduced in the monsoon session of Parliament. The ASG also assured the court that the government would...