GOVERNMENT PANEL

  • India should not tax assets retrospectively: Govt panel October 9, 2012

    New Delhi: In a recommendation that could provide relief to firms like Vodafone, a Government-appointed committee on Tuesday favoured companies facing tax liability following retrospective amendment to the Income Tax Act should be exempted from payment of interest and penalty. "In all cases where demand of tax is raised on...
  • Government approves Reliance gas price September 12, 2007

    New Delhi: The government appears set to approve Reliance Industries' fuel pricing formula with minor changes that will marginally lower the price of natural gas it plans to produce from the KG basin fields from next year. The Empowered Group of Ministers headed by External Affairs Minister Pranab Mukherjee closed...