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Former Finance Minister, P Chidambaram, who had voiced his concerns even when his predecessor Pranab Mukherjee imposed retrospective taxes on Vodafone, has welcomed the Centre's decision to scrap the proposal through amendments in taxation laws.
Chidambaram had urged the Narendra Modi Government to scrap the provisions for imposing retrospective tax about six years ago. "On the withdrawal of the Retrospective Tax (Vodafone), I am glad that we have put an end to an issue that has been troubling us for eight years," he said in Twitter.
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