Consider the following statements-
1. The IT department on November 18, 2014 lost its Rs 18,000-crore transfer pricing cases against oil major Shell India at the Bombay High Court, which quashed the department's tax order.
2. The tax sleuth had added Rs 15,000 crore and Rs 3,000 crore respectively to the taxable income of Shell India Markets Pvt Ltd, the Indian subsidiary of Royal Dutch Shell Plc, for the FY 2007-08 and FY 2008-09 in two transfer pricing cases.
3. The judgement comes in the wake of two similar transfer pricing cases, which were ruled in favour of the Indian subsidiary of Vodafone Group Plc, in which the I-T department had sought adjustments of over Rs 4,500 crore last month.
Select the correct answer using the codes given below.
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