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Article

Sullivan & Cromwell LLP | India | 4 May 2012

Indian tax on indirect transfers of shares: the decision of the Indian Supreme Court in Vodafone and India’s proposed retrospective counteracting legislation

On 20 January 2012 the Indian Supreme Court found that India had no basis to tax the sale by a non- Indian subsidiary of indirect interests in an Indian telecoms company, Hutchison Essar.

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