Vodafone tax case

Vodafone Case Analysis

Income Tax - Vodafone’s journey in India has been a significant case in retrospective amendment made to tax laws. The decision made by the Supreme Court in this case and subsequently the decision made by PCA in Cairn UK case following Vodafone case amounts to a huge loss to the government as the reserve of the government depends upon the collection ...

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Vodafone Case: Long Decade Batte Took A U-Turn

Income Tax - The table turning judgement of the Permanent Court of Arbitration at The Hague came after a decade long battle fought by the Vodafone Plc against the Indian Income Tax Authorities and Government of India. The Indian Income-tax Authorities have been burdened with substantial cost by the Permanent Court of Arbitration at The Hague by making...

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Vodafone wins arbitration against India in retrospective tax case

Income Tax - The Telecom major Vodafone won a long pending case against the Indian government in an international court over Rs.22, 000 crore in retrospective tax dispute. Let’s take a look at what happened; Facts of the Case: The main companies involved were as under: HTIL Hutchison Telecommunications International Ltd (Hong Kong). It was the sell...

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Vodafone International: `Victim of Choked Recovery’

Income Tax - One among st the main issues surrounding the impasse is the payment of ejected liability carrying a whopping sum of Rs.14000 crore by Vodafone International Holdings B.V. under the parasol of Capital Gains Tax to the Indian tax administration. An issue squarely won by Vodafone in a proactive tax war with the authorities at the Hon’ble S...

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Is India a Tax Hell?

Income Tax - Finance Ministry, while presenting the much disillusioned and indifferent Union Budget with heavy fanfare and subsequent silence, brought out an amendment that took many people by surprise. It was not just a normal amendment. Rather, it was the Amendment with retrospective effect, of taxing transactions which resembled the 'Vodafone-Hutch...

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Govt. accepts Order of Bombay HC in Vodafone case

Income Tax - The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, in a major decision, has decided to accept the order of the High Court of Bombay in the case of Vodafone India Services Private Limited (VISPL) dated 10.10.2014. This is a major correction of a tax matter which has adversely affected investor sentiment....

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Why Govt withdraws Conciliation Measures Initiated Earlier with Vodafone

Income Tax - Correct Factual Position and the Circumstances that led to the Government’s Proposal to Withdraw from the Conciliation Measures Initiated Earlier with Vodafone International Holdings B.V.(Vodafone)...

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Vodafone makes no provision for Hutch deal tax claim

Income Tax - British telecom giant Vodafone has decided against making a provision in its balance sheet for the over Rs 11,000 tax claim made by Indian authorities for its 2007 deal to acquire stake in Hutchison-Essar....

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FM justifies decision to neutralise impact of SC decision in Vodafone case

Income Tax - Government on Wednesday justified its decision to neutralise the impact of Supreme Court decision in the Vodafone case by amending the Income Tax Act with retrospective effect suggesting it was to prevent outflow of Rs 40,000-Rs 50,000 crore from the exchequer....

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Vodafone issues notice to Indian government over violation of Investment Protection Treaty

Income Tax - Vodafone has issued notice to the Indian government under Bilateral Investment Protection Treaty over tax issue between India and the Netherlands. The Dutch subsidiary Vodafone International Holdings BV today served a notice of dispute on the Indian government regarding proposals in the Finance Bill 2012 which it claimed, violated the int...

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HC grants Stay to Vodafone as non-completion of hearing was solely attributable to revenue

Vodafone Idea Limited Vs Addl. CIT (ITAT Mumbai) - Thus it is clear that non completion of hearing of this appeal is solely attributable to revenue. In these circumstances, we are of the considered opinion that there is no change in facts and circumstances of the case. Accordingly, we extend the stay for a period of six months or till the disposal o...

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Ministry of Finance clarification on Vodafone arbitration appeal

Release ID: 1664705 - (15/10/2020) - A speculative news story being circulated in some section of media claiming that Attorney General has  given opinion  in favour of  not appealing in the Vodafone Arbitration award is totally incorrect and without any factual basis....

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Govt. accepts Order of Bombay HC in Vodafone case

Instruction No. 2/2015 - (29/01/2015) - The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, in a major decision, has decided to accept the order of the High Court of Bombay in the case of Vodafone India Services Private Limited (VISPL) dated 10.10.2014. This is a major correction of a tax matter which has adversely affect...

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Recent Posts in "Vodafone tax case"

HC grants Stay to Vodafone as non-completion of hearing was solely attributable to revenue

Vodafone Idea Limited Vs Addl. CIT (ITAT Mumbai)

Thus it is clear that non completion of hearing of this appeal is solely attributable to revenue. In these circumstances, we are of the considered opinion that there is no change in facts and circumstances of the case. Accordingly, we extend the stay for a period of six months or till the disposal of the appeal whichever is earlier....

Read More

Vodafone Case Analysis

Vodafone’s journey in India has been a significant case in retrospective amendment made to tax laws. The decision made by the Supreme Court in this case and subsequently the decision made by PCA in Cairn UK case following Vodafone case amounts to a huge loss to the government as the reserve of the government depends upon the collection ...

Read More
Posted Under: Income Tax |

Vodafone Case: Long Decade Batte Took A U-Turn

The table turning judgement of the Permanent Court of Arbitration at The Hague came after a decade long battle fought by the Vodafone Plc against the Indian Income Tax Authorities and Government of India. The Indian Income-tax Authorities have been burdened with substantial cost by the Permanent Court of Arbitration at The Hague by making...

Read More
Posted Under: Income Tax |

Ministry of Finance clarification on Vodafone arbitration appeal

Release ID: 1664705 15/10/2020

A speculative news story being circulated in some section of media claiming that Attorney General has  given opinion  in favour of  not appealing in the Vodafone Arbitration award is totally incorrect and without any factual basis....

Read More

Vodafone wins arbitration against India in retrospective tax case

The Telecom major Vodafone won a long pending case against the Indian government in an international court over Rs.22, 000 crore in retrospective tax dispute. Let’s take a look at what happened; Facts of the Case: The main companies involved were as under: HTIL Hutchison Telecommunications International Ltd (Hong Kong). It was the sell...

Read More
Posted Under: Income Tax |

Vodafone International: `Victim of Choked Recovery’

One among st the main issues surrounding the impasse is the payment of ejected liability carrying a whopping sum of Rs.14000 crore by Vodafone International Holdings B.V. under the parasol of Capital Gains Tax to the Indian tax administration. An issue squarely won by Vodafone in a proactive tax war with the authorities at the Hon’ble S...

Read More
Posted Under: Income Tax |

Govt. accepts Order of Bombay HC in Vodafone case

Instruction No. 2/2015 29/01/2015

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, in a major decision, has decided to accept the order of the High Court of Bombay in the case of Vodafone India Services Private Limited (VISPL) dated 10.10.2014. This is a major correction of a tax matter which has adversely affected investor sentiment....

Read More

Why Govt withdraws Conciliation Measures Initiated Earlier with Vodafone

Correct Factual Position and the Circumstances that led to the Government’s Proposal to Withdraw from the Conciliation Measures Initiated Earlier with Vodafone International Holdings B.V.(Vodafone)...

Read More
Posted Under: Income Tax |

Vodafone makes no provision for Hutch deal tax claim

British telecom giant Vodafone has decided against making a provision in its balance sheet for the over Rs 11,000 tax claim made by Indian authorities for its 2007 deal to acquire stake in Hutchison-Essar....

Read More
Posted Under: Income Tax |

FM justifies decision to neutralise impact of SC decision in Vodafone case

Government on Wednesday justified its decision to neutralise the impact of Supreme Court decision in the Vodafone case by amending the Income Tax Act with retrospective effect suggesting it was to prevent outflow of Rs 40,000-Rs 50,000 crore from the exchequer....

Read More
Posted Under: Income Tax |

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