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Gibson Dunn & Crutcher LLP | India | 20 Jan 2012

The Supreme Court of India rules in favor of Vodafone in a landmark judgment

The Supreme Court of India ("Supreme Court") on January 20, 2012 has overturned a 2010 decision of the Bombay High Court which ruled that Vodafone was liable to pay $2 billion to the Indian tax authorities because Indian capital gains taxes applied on share transfers between two non-resident entities, as long as the underlying assets transferred were within India.

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