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 Passport vs Citizenship: Legal Position Explained
- 2 FemTech in India: Transforming Women's Healthcare Through Digital Innovation
- 3 Right to Trauma Care: Transforming Emergency Healthcare in India
- 4 BRICS Indore Declaration: A Roadmap for Sustainable Agriculture and Food Security
- 5 Rising Urban Fire Disasters: A Growing Crisis amid Climate Change and Urbanisation
- 6 PCPNDT Act and the Challenge of Gender Imbalance: Supreme Court’s Observations
- 7 Solar-Integrated Transport Infrastructure: Transforming Mobility into Renewable Energy Networks
- 8 Drone Warfare: Evolving Dynamics of Modern Conflicts
- 9 Twin Climate and Energy Crises: UN Calls for Urgent Global Action
- 10 Hydropower Development in the Himalayas: Balancing Development and Ecological Sustainability
