HC dismisses Vodafone plea against tax dept on Hutch deal

Last updated: 09 September 2010

HC dismisses Vodafone plea against tax dept on Hutch deal The Bombay High Court on Wednesday dismissed Vodafone Internationals plea challenging the I-T Department Rs 12,000 crore demand in tax and penalty on USD 11 billion takeover of Hutchison Telecom. This judgement could impact foreign companies buying assets involving India firms. The court, however, gave liberty to Vodafone to argue before the tax department that no penalty should be imposed as they genuinely believed
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shiv Shankar

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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