Bombay High Court defers Vodafone tax case hearing
The Bombay High Court on Tuesday deferred a hearing on Vodafone Plc's dispute with the Indian tax office, a spokesman for Vodafone said.
February 08, 2011 / 16:28 IST
The Bombay High Court on Tuesday deferred a hearing on Vodafone Plc's dispute with the Indian tax office, a spokesman for Vodafone said.
The court has not specified a new date for further hearing.Vodafone had filed a writ with the court last October, disputing the tax office move to treat it as an agent of the seller in its 2007 acquisition of Hutchison Whampoa's mobile business in India.Vodafone is contesting a USD 2.5 billion tax bill in India over the acquisition and had appealed to India's Supreme Court challenging a lower court order that Indian tax office had jurisdiction over tax bills in cross-border deals.Vodafone's appeal with the Supreme Court is scheduled to come up for hearing on July 19.In November, the Supreme Court asked Vodafone to deposit Rs 2,500 crore (USD 552 million) and make a bank guarantee worth Rs 8,500 crore as an interim arrangement. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
