Profit

International deals under CBDT scanner

PUBLISHED ON: September 13, 2010 | Duration: 1 min, 48 sec

  
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The government is now examining more cross-border deals involving Indian assets, after the controversial Vodafone-Hutch transaction. The income tax department says the Vodafone tax case will be a precedent. Sources say SSN Moorthy, chairman of CBDT, may proceed with its investigations on deals like the SABMiller-Foster and the Sanofi Aventis-Shantha Biotech.
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