The income tax department may not go in for filing a review petition on the Supreme Court's judgement on the Vodafone taxation case. Top sources in the department said that a 10-member "core committee", which has been specially constituted, will go into the details of the order. But the department may take a view not to file a review petition against the order which was delivered by a three-member Supreme Court bench headed by Chief Justice S H Kapadia on Friday, the sources said. "We will have to study the whole judgement and then decide (on the course of action that needs to be taken)," CBDT Chairman M C Joshi said."We take the judgement of the Supreme Court in our stride and there is no chance of the I-T department going in for a review petition in the case," a top official involved in the case said.
Source: Business Standard
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