“We have jurisdiction over taxing Vodafone. Jurisdiction order has been issued ... We will send the tax demand to them within few days,” Central Board of Direct Taxes (CBDT) Chairman S S N Moorthy told PTI.
However, Vodafone said : “no tax is payable by Hutchison in this transaction and that Vodafone has no liability in any event, and all the taxation and legal advice received continues to be consistent with this view.” Vodafone Group said. The dispute concerns Vodafone Group acquisition of a 67 per cent stake in Hutchison Essar from Hong Kong’s Hutchison Telecommunications International Limited.
Published 01 June 2010, 15:04 IST