Sources in the tax department tell CNBC-TV18 that they may seek a review of the Vodafone judgement. Tax department is of the opinion that the Vodafone judgement is in conflict with the earlier McDowell order on indirect transfer of assets.
Also read: Rs 57,000 crore tax refunds so far this fiscal: Chidambaram
The McDowell order was issued by a five-judge bench. Where as, the Vodafone judgement was given by a three-judge bench. The Income Tax department may seek a seven-judge Supreme Court bench to look at the Vodafone case.
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