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Vodafone not liable for taxes on Essar purchase, says India Supreme Court

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • India
  • -
  • January 27 2012

A long-running battle between British wireless giant Vodafone and India’s tax authority ended in victory for Vodafone, as India’s Supreme Court decreed that Vodafone does not owe US$4.4 billion in taxes and penalties accruing from its $10.9 billion acquisition of Hutchison Essar in 2007

Vodafone ordered to deposit $554 million in Indian tax case

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • India
  • -
  • November 19 2010

Pending a final decision on Vodafone’s appeal against a government directive that holds Vodafone liable for US$2.5 billion in taxes and interest accruing from the company’s 2007 acquisition of Hutchison Essar, the Supreme Court of India ordered Vodafone on Monday to submit a deposit of $554.1 million within three weeks as well as bank guarantees within eight weeks that would cover the outstanding portion of the government’s tax claim