Can any1provide me details of Vodafone vs Hutch Case in depth.
I know the following facts.Both the companies were foreign Companies (since they were registered aboard ).They would be liable to tax since they earned out the profits from the assets based in India .i am not able 2 understand why vodafone would be liable to capital gains tax since it is a buyer.According to me,Hutch should be liable to tax since it is a seller .No doubt UR contention will b that the hutch has sold out its stake & right now does not have any operations in India . But there will be some international law in which hutch would b made liable 2 pay tax
CAclubindia
