Lok Sabha Nod To Tax Law Amendment

The Taxation Laws (Amendment) Bill, 2021 was passed in Lok Sabha today. The legislation is expected to help settle disputes with Cairn Energy Plc, Vodafone Group Plc and 15 other companies over retrospective tax demands raised by the Union government. The Bill was cleared in the Lower House amid an uproar by Opposition parties after Finance Minister Nirmala Sitharaman made a brief statement about the need for the amendment.

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