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Essar Oil seeks sales tax payment directions fron Guj HC
May 08, 2012 at 10:37 | Source: Moneycontrol.com
Essar Oil Ltd has filed a writ petition in the Gujarat High Court seeking direction on the repayment installments and interest in relation to its sales tax deferral liability to the Gujarat government.
UK's Osborne says India should have predictable tax system
Apr 02, 2012 at 19:00 | Source: CNBC-TV18
Speaking exclusively to CNBC-TV18, UK chancellor George Osborne says India should have a predictable tax system but added he is not going to threaten retaliatory action over the proposed amendment.
Banks warn over latest India tax scare
Mar 31, 2012 at 14:23 | Source: ft.com
Asian investment banks fear that a tax provision in India's incoming finance bill will lead foreign investors to withdraw from the country's stock markets and have written directly to Pranab Mukherjee, finance minister, urging him to intervene.
Vodafone have to pay tax once I-T Act is amended: FinMin
Mar 21, 2012 at 20:28 | Source: PTI
British telecom major Vodafone will have to pay over Rs 11,000 crore tax, once the amendment to change the Income Tax Act is approved by Parliament, a Finance Ministry official said today.
Heads We Win, Tails You Lose
Mar 21, 2012 at 11:28 | Source: Forbes India
The governments proposal to amend its tax law retrospectively will affect Vodafone and even other large acquisitions of Indian assets might be up for review.
Govt proposes taxing Vodafone-like deals retrospectively
Mar 16, 2012 at 17:00 | Source: PTI
In a measure that will have far- reaching impact on foreign investment and the Vodafone case having a tax implication of Rs 11,000 crore, the government today proposed amendment in the Income Tax Act retrospectively from April 1, 1962.

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UK's Osborne says India should have predictable tax system
Vodafone have to pay tax once I-T Act is amended: FinMin
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2G case: CBI distorting truth and misleading court, says ETHL
NEW DELHI: Essar Teleholdings Ltd (ETHL) told a Delhi court hearing the 2G spectrum case that the CBI has deliberately "distorted" the truth and "misled" the court by giving incomplete facts in the c...
May 08, 2012 at 18:57 | Source: Economic Times
Told Vodafone about tax liability, maintains FinMin - Rediff.com Business
Refuting reports that Vodafone was not warned about the liability before the deal with Hutchison in 2007, the finance ministry today reiterated it had informed Vodafone about its tax liability, but th...
May 03, 2012 at 17:12 | Source: Money Rediff News Report
‘Voda ignored CBDT advice with regard to tax liability’
New Delhi: The finance ministry today said British telecom giant Vodafone “chose to ignore” the advice of tax department that its acquisition of Hutchison stake in the Indian telecom ...
May 03, 2012 at 11:41 | Source: FirstPost
Told Vodafone about tax liability, maintains FinMin
Refuting reports that Vodafone was not warned about the liability before the deal with Hutchison in 2007, the finance ministry today reiterated it had informed Vodafone about its tax liability, but th...
May 03, 2012 at 01:31 | Source: Business Standard
Vodafone ignored CBDT advice with regard to tax liability
NEW DELHI: The Finance Ministry today said British telecom giant Vodafone "chose to ignore" the advice of tax department that its acquisition of Hutchison stake in the Indian telecom company Hutchiso...
May 02, 2012 at 23:16 | Source: Economic Times
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UPDATE: Vodafone India IPO Unlikely In 2012 Because Of Local Issues
The government has changed a law that will now override the court's January verdict and allow authorities to demand tax retrospectively on deals between foreign companies for transferring assets in India, as in the Vodafone-Hutchison case.
May 22, 2012 at 14:27 | Source: Smart Money
2G case: CBI distorting truth and misleading court, says ETHL
... incorrect where the agency has described that foreign firm Hutchison was planning to exit from the joint venture Hutchison Essar Ltd. "This is a deliberate distortion of truth (by the CBI)," he said. "The CBI is deliberately misleading you (judge).
May 8, 2012 at 12:56 | Source: Daily News and Analysis
India Delays Tax-Dodge Rule That Riled Foreign Investors
The GAAR had officials at Vodafone Group PLC (London: VOD) concerned the company would have to pay $2 billion in back taxes for the $11.2 billion buyout of Hutchison Essar Ltd. in 2007 from Hutchison Whampoa Ltd. (Hong Kong: 13) to form Vodafone India.
May 7, 2012 at 16:39 | Source: International Business Times
India: India Is Slaughtering Its Golden Goose
Ltd (CGP), a Cayman Islands company, in 2007. As a result of this purchase, VIH indirectly acquired a 67% interest in Hutchison Essar Limited, an Indian company. The Indian tax authorities sought to tax the capital gains arising from the sale of the share ...
May 23, 2012 at 09:32 | Source: Mondaq
Vodafone Serves Notice of Dispute against Indian Tax Law
... a Cayman Islands-registered subsidiary of Hutchison Telecommunications International Ltd (HTIL) as the purchaser of the 67% stake in India based Hutchison Essar. India’s Supreme Court ruled that the deal is not subject to capital gains tax, which ...
May 16, 2012 at 10:23 | Source: PR-USA.net
Indian stocks to watch-May 11
Sales of Zyprexa, a drug on which Dr Reddy's has exclusivity, would be watched (0730 GMT) * Other Jan-March earnings: Thermax, Oracle Financial Services Software, Indian Bank, Hathway Cable and Datacom, Essar Oil ... Coal India Ltd to supply ...
May 11, 2012 at 03:41 | Source: Reuters UK

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