View: Scrapping retro tax is win for pragmatism - economic news of india - world economic news - economics news for students - indian economy news

View: Scrapping retro tax is win for pragmatism
I have been an enthusiastic supporter of the tax claim by GoI on Vodafone, which had been endorsed by the Bombay High Court, set aside by the Supreme Court and made tenable by a retrospective clarification in the tax law. The issue at stake is simple. GoI has a right to any kind of tax because it arranges the affairs of the nation in such a fashion