The Finance Ministry has already circulated a draft Cabinet note withdrawing the conciliation offer to Vodafone to resolve the Rs 20,000-crore (Rs 200-billion) tax dispute case.
"In Vodafone's own words, they are unable to make up their mind whether they should go forward with conciliation. The conciliation did not even start. . .," Chidambaram told PTI.
The Cabinet had in June 2013 approved a Finance Ministry proposal to go in for conciliation with Vodafone to resolve the capital gains tax dispute related to its acquisition of Hutchison Whampoa's stake in Hutchison Essar in 2007.
While the basic tax demand for the 2007 acquisition is Rs 7,990 crore (Rs 79.9 billion), the outstanding dues, including a penalty of a similar amount and accrued interest, run into Rs 20,000 crore (Rs 200 billion).
"There is no need for a fresh notice. The notice is already there. . .," Chidambaram said, adding that it is for the tax department to decide whether to enforce
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