Vodafone gets International Relief in Retrospective Taxation Case
- On 25th September, 2020, the Permanent Court of Arbitration(PCA) at The Hague (Netherland) ruled in favour of the Vodafone Group in its long pending case against the Indian income tax department’s tax liability demand for Rs 22,100 crore that dates back to a transaction in 2007.
Timeline of the Case
- In May 2007, Vodafone had bought a 67% stake in Hutchison Whampoa for $11 billion. In September 2007, the India government for the first time raised a demand of Rs 7,990 crore in capital gains and withholding tax from Vodafone.
- Government argued that Vodafone should have deducted the tax at source ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Gender Neutrality in Indian Laws: An Unfinished Agenda
- 2 Global Pandemic Treaty: A Milestone in International Health Diplomacy
- 3 Caste Census: Significance and Challenges
- 4 India-UK Free Trade Deal: Big Gains, Bigger Challenges
- 5 India’s Global Diplomatic Outreach
- 6 The Legal and Ethical Quandaries of Opinion Trading Platform
- 7 Harnessing Technology and Innovation in Indian Aquaculture
- 8 India’s Steady Economic Growth: Resilience in the Face of Global Headwinds
- 9 The Absence of Agriculture in India’s FTA: Causes and Implications
- 10 Indian’s Extended Continental Shelf Claim in Arabian Sea
