Bombay High Court on Friday ruled that the tax department’s - TopicsExpress

Bombay High Court on Friday ruled that the tax department’s dispute resolution panel (DRP) should decide the alleged transfer pricing tax case involving the Indian unit of Vodafone Group Plc. DRP is an alternative mechanism to resolve tax disputes arising from transfer pricing. A division bench of the high court consisting of chief justice Mohit Shah and justice M.S. Sanklecha was hearing a writ petition filed by Vodafone challenging the department’s transfer pricing adjustment of Rs.1,300 crore. The case relates to a transfer-pricing order for assessment year 2009-10 over the issue of shares by the UK company’s local unit Vodafone India Services Pvt. Ltd.

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