Voda tax case

New Delhi, May 9: The Delhi high court today sought the income tax department's response on Vodafone's plea challenging an order directing a special audit of its accounts for assessment year 2012-13. A bench of Justice S. Muralidhar and Justice Vibhu Bakhru issued the notice to the I-T department and asked it to file its reply by July 28 on Vodafone's plea. The telecom major has challenged the department's March 31 order directing a special audit of its accounts for 2012-13.

Tax havens

London, May 9: Hundreds of economists are urging world leaders to end the era of tax havens, arguing they only benefit rich individuals and multinational corporations and serve to increase inequality.

CBDT move

New Delhi, May 9: The Central Board of Direct Taxes has declared August 31 as the deadline for taxpayers whose ITRs for six assessment years between 2009-10 and 2014-15 are pending for processing and issuance of refunds because of issues of non-filing of ITR-V acknowledgement form at its Bangalore-based collection centre.

EPFO scheme

New Delhi, May 9: The government is working on a scheme to provide low-cost housing for retirement fund body EPFO's over five crore subscribers, Parliament was informed today.

Export relief

Calcutta, May 9: The director-general of foreign trade has come out with a notification, following which landing certificate will not be needed to claim benefits under the Merchandise Exports from India Scheme.

GMR move

Hyderabad, May 9: The GMR group is selling 30 per cent in select portfolio of assets of GMR Energy to Malaysia's Tenaga Nasional Berhad for $300 million.

Dalmia Cement

New Delhi, May 9: Dalmia Cement has withdrawn the appeal filed before the competition tribunal against transfer of Lafarge's assets as approved by the Competition Commission, paving the way for the merger of Lafarge and Holcim in India.