India’s Central Board of Direct Taxes (CBDT) has announced that India has resolved 180 double taxation disputes since April 1, 2014.
The cases, worth a combined Rs 5000 crore (USD 730 million), were settled through the mutual agreement procedure specified in India’s tax treaties with other nations, the agency said February 16.
The announcement is the latest in a series of announcements highlighting India’s tax dispute resolution successes, in an apparent effort by the CBDT to reverse India’s reputation for taking unreasonable tax positions.
On January 29, the agency announced the settlement of over 100 transfer pricing disputes with the US and the recommencement of bilateral advance pricing agreement (APA) negotiations between the countries. Two days later, the agency announced that that India signed two APAs with the UK.
Counterbalancing that news are reports that India last month demanded that Vodafone immediately pay Rs 14300 crore (USD 2.1 billion) in back taxes or face seizure of its assets, even though the tax bill is disputed by the company and the case is pending in arbitration.
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