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Tax case: Vodafone approaches SC

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CIOL Bureau
New Update

NEW DELHI, INDIA: Vodafone on Tuesday said it has filed an appeal with India's Supreme Court, after a lower court last week dismissed its petition and ruled that Indian tax authorities had jurisdiction over tax bills in cross-border mergers.

“Vodafone remains convinced that there is no tax to pay on the Hutchison transaction and we will continue to defend this position vigorously,” the company said in a statement.

Last week, the Bombay High Court had dismissed Vodafone's petition challenging the Indian tax authorities' demand of Rs 12,000 crore in tax over the Hutchison deal.

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