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Sunday, November 1, 2009

Vodafone’s Indian tax battle continues

Back in 2007, Vodafone took control of the Hutchison Essar network in India. Vodafone said it didn’t need to pay capital gains tax on behalf of Hutchison because the transaction didn't involve any Indian businesses – but the Indian government’s income tax (I-T) department saw things differently. After an appeal to the Indian courts that was eventually referred back to the I-T department, the tax authorities have given Vodafone until 16th November to explain why it shouldn’t be treated as a tax defaulter. Vodafone says it’ll be reviewing the document in detail and plans to respond in due course. [Sources: WSJ.com; indiatimes.com]

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