Amit Gupta (Loosening Myself) (1508 Points)
20 January 2012The Supreme court of India set aside the bombay high court in case of Vodafone and Granted 2500 crore refund along with interest of 4% directing the Income tax department time period of 2 months...
I am surprised by the judgement...Guys what do u think of the judgement of SC
Arijit Bhattacharjee
(ACA, M.COM)
(407 Points)
Replied 20 January 2012
TONNES OF LABOUR, SACRIFICE, TOILS OF THE BOMBAY HC AND ALL THE JINGOISTIC PATRONAGE HAVE MET THEIR VOID IN TRUE SENSE.
A BIG BIG BLOW TO THE DUES OF THE EXCHEQUERS.
ONCE AGAIN, ITS PROVEN THAT "CORPORATES ARE POWERFUL ENOUGH TO TURNDOWN THE JUDICIARY."
AND THE METAPHORICAL IRONY IS THAT ,"THE MAN OF RETROSPECTIVE AMENDMENTS IS HIMSELF CONVICTED NOW."
HERE GOES THE LINK OF THE SC VERDICT:https://www.business-standard.com/content/general_pdf/012012_01.pdf
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 21 January 2012
thanks for sharing
CAclubindia
