Tuesday, March 25, 2008
India must pay $42.4 million to New York in taxes: Judge
United States District Court Judge Jed S.Rakoff ruled against India in a case involving tax claims by New York City. In a judgment announced March 17, he ordered New Delhi to pay $42.4 million in tax arrears to the city for use of its premises for 'non-diplomatic' purposes.
The ruling against India was part of a total $57.6 million in fines that the Judge slammed on 3 countries, the others being Mongolia ($4.3 million) and The Philippines ($10.9 million).
"After exchanges among the Court, the City and defense counsel, the judge yesterday (Monday, March 17th) granted the City virtually every thing it had asked for…" said the New York City Law Department in a notification to the media.
To read the full article, click here...
To read the ePaper, visit: http://www.newsindia-times.com
The ruling against India was part of a total $57.6 million in fines that the Judge slammed on 3 countries, the others being Mongolia ($4.3 million) and The Philippines ($10.9 million).
"After exchanges among the Court, the City and defense counsel, the judge yesterday (Monday, March 17th) granted the City virtually every thing it had asked for…" said the New York City Law Department in a notification to the media.
To read the full article, click here...
To read the ePaper, visit: http://www.newsindia-times.com
Labels: india, New York, non-diplomatic, Tax, united states District court, Vienna Convention on Consular Relations
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