| Log in

Vodafone Says Appeals Against Tax Dept Notice

20 May, 2012

“It is difficult to understand the rationale behind the tax authorities seeking to impose penalties on a matter which the tax authorities have, themselves, described as a ‘test case’,” Vodafone said in a statement.

Vodafone is contesting a $2.5 billion tax bill in India over its acquisition of a controlling stake in a mobile firm. It had earlier appealed to the Supreme Court challenging a lower court order that Indian tax office had jurisdiction over tax bills in cross-border deals. The Supreme Court is scheduled to hear the case on July 19.

“All the advice received by Vodafone during and since the acquisition is that there is no tax or therefore penalty that arises,” Vodafone said in Tuesday’s statement, adding it would take all steps needed to defend itself.


Leave Your Comment
Bombay High Court Rules Against Vodafone In Tax Case

Bombay High Court Rules Against Vodafone In Tax Case

Reuters 7 years ago
India’s tax department has jurisdiction over tax bills in cross-border...
Vodafone Files Petition Against India Tax Move

Vodafone Files Petition Against India Tax Move

Reuters 7 years ago
Vodafone said on Friday it had filed a writ with the Bombay High Court defending...
India Court Asks Vodafone For Deposit In Tax Case

India Court Asks Vodafone For Deposit In Tax Case

TEAM VCC 7 years ago
India’s top court on Monday directed Vodafone to deposit 25 billion(...
No Comments

Vodafone Says Appeals Against Tax Dept Notice

Powered by WordPress.com VIP