No Vodafone accord till tax law allows settlement process
The high-profile transfer pricing adjustment over the purchase of Shell India’s shares by parent Shell that hit the headlines on Monday with Shell India chairperson saying Shell plans to challenge the order “strongly” also falls in the same category. Shell officials will be meeting the DG International Taxation to discuss the matter on Friday. FE
* At present, the laws do not allow for a settlement in cases such as Vodafone
* The Budget is expected to make announcements that could pave the way for settling similar disputes especially transfer pricing cases
* There has been an 85% increase in transfer pricing allegations in 2011-12
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