Prime Minister's National Relief Fund(PMNRF) and National Defence Fund(NDF)

All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961

The Delhi High Court today dismissed the Centre's plea challenging Vodafone's move to initiate two international arbitrations against India in connection with a tax demand of 11,000 crore rupees under a retrospective law of 2012.

The court said the centre can approach the UK arbitration tribunal under the India-United Kingdom Bilateral Investment Protection Agreement (BIPA) for its grievance.

Vodafone has initiated arbitration proceedings under the India-United Kingdom and India-Netherlands Bilateral Investment Protection Agreement in connection with the tax demand raised against the company in relation to its 11 billion dollar deal to acquire the stake of Hutchison Telecom.

While proceedings under the India-Netherlands BIPA were pending, the telecom major initiated second arbitration under India-UK BIPA as well on in January 2017. The Centre had told the Delhi High Court that the Vodafone Group had abused the process of law by initiating two international arbitrations.

Challenging the second arbitration, the government had said the two claims were based on the same cause of action and they seek identical reliefs, but from two different tribunals constituted under two different investment treaties against the same host state.

       Circulars       ;Guidelines