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Vodafone case against India
September 29 , 2020
1522 days
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- Vodafone won a significant ruling against the Indian government in an international court over ₹ 20,000 crore in dues Permanent Court of Arbitration at The Hague.
- The Government raised a demand of Rs 7,990 crore in capital gains and withholding tax from Vodafone in 2007.
- Vodafone challenged the demand notice in the Bombay High Court, which ruled in favour of the Income Tax Department.
- Then, Vodafone challenged the judgment in the Supreme Court.
- In 2012 the Supreme Court ruled that Vodafone Group’s interpretation of the Income Tax Act of 1961 is correct.
- But, the same year, the government made an amendment to the Finance Act.
- It was giving the Income Tax Department the power to retrospectively tax such deals.
- This case had by then become infamous as the ‘retrospective taxation case’.
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