MUMBAI: The Bombay High Court has dismissed a petition by Vodafone International Holdings against a tax bill relating to the purchase of a mobile
phone operation in India in 2007, Vodafone's tax consultant Dinesh Kanabar said on Wednesday.
Vodafone has been granted a stay on the decision for eight weeks, during which time it could appeal to the Supreme Court, he said.
Vodafone Group Plc last year paid $11.1 billion to a unit of Hong Kong's Hutchison Whampoa for a controlling stake in an Indian mobile operator.
It received a bill from the income tax department, which said Vodafone was liable to pay capital gains tax as most of the assets it bought were based in India.
6 months ago