Summary of Proceedings before Bombay HC in case of Vodafone International Holding B.V

Vodafone International Holding B.V. (Vodafone NL) was issued an order by the Indian Tax Authority assessing a capital gains tax alleged to have arisen to the Hong Kong based Hutchison Group (Hutch) on acquisition of controlling interest in an Indian entity, Vodafone-Essar Ltd. The controlling interest was acquired by acquiring the shares of a foreign holding company that indirectly held more than 50% of the shares of the Indian entity.

The Tax Authority has alleged that Vodafone NL failed to withhold Indian tax on the payment

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