"...My understanding is that the Finance Bill is coming in the first week of May and I have to go by what Parliament says," Law Minister Salman Khurshid told reporters here.
In Finance Bill, 2012, Finance Minister Pranab Mukherjee has proposed amendments in the Income-tax Act, 1961 to state the legislative "intent" of certain provisions of the law, relating to offshore mergers and acquisitions.
The move follows the Supreme Court ruling that Vodafone wasn't liable for taxes stemming from its 2007 acquisition of Hutchison's stake in Hutchison-Essar
Dutch unit of Vodafone has served a legal notice to the government threatening to drag India to international arbitration if the telecom giant was made liable to pay Rs 11,000 crore in taxes over a 2007 acquisition.
"When you receive a notice, you look at it, you analyse it...Finance Minister (Mukherjee) has to take a call," Khurshid said when asked about the notice.
Vodafone sent the notice to Prime Minister's Office, with copies marked to Mukherjee, Khurshid and Telecom Minister Kapil Sibal, claiming the proposed law violated the international legal protections granted to Vodafone and other international investors in India.
