<p> The Union Cabinet on Tuesday approved the start of a conciliation process with Vodafone Group Plc, a government minister said, in a dispute over more than $2 billion in taxes stemming from its 2007 acquisition of mobile phone assets in India. <br /><br /></p>.<p>Last year, the country's Supreme Court ruled in Vodafone's favour, saying that the UK telecoms carrier was not liable to pay any tax over the acquisition. <br /><br />But the government later in the year changed the rules to enable it to make retroactive tax claims on already-concluded deals, drawing criticism from global business groups. <br /><br />Vodafone and Indian authorities have been in talks for months over the tax dispute,and Finance Minister P Chidambaram has said he is confident of a resolution.</p>
<p> The Union Cabinet on Tuesday approved the start of a conciliation process with Vodafone Group Plc, a government minister said, in a dispute over more than $2 billion in taxes stemming from its 2007 acquisition of mobile phone assets in India. <br /><br /></p>.<p>Last year, the country's Supreme Court ruled in Vodafone's favour, saying that the UK telecoms carrier was not liable to pay any tax over the acquisition. <br /><br />But the government later in the year changed the rules to enable it to make retroactive tax claims on already-concluded deals, drawing criticism from global business groups. <br /><br />Vodafone and Indian authorities have been in talks for months over the tax dispute,and Finance Minister P Chidambaram has said he is confident of a resolution.</p>