Govt Challenges Vodafone Arbitration Ruling in Singapore Court: Report
4 years ago

Govt Challenges Vodafone Arbitration Ruling in Singapore Court: Report

News 18  

India has challenged in Singapore an international arbitration court’s verdict against it over a $2 billion tax claim involving Vodafone Group Plc, a senior government official told Reuters on Thursday on condition of anonymity. British telecom giant Vodafone Group plc in September this year had won an arbitration against the Indian government over a demand for Rs 22,100 crore in taxes using retrospective legislation. Tax authorities had in September 2007 served notice to Vodafone International Holdings BV for its alleged failure to deduct withholding tax from consideration paid to the Hutchison Telecommunications International Ltd. Vodafone challenged this in the Supreme Court, which in January 2012 set it aside, saying the transaction was not taxable in India and so the company had no obligation to withhold tax. Besides Vodafone, the Indian government also used the retrospective tax legislation to seek Rs 10,247 crore from British oil explorer Cairn Energy Plc over a 2006 reorganisation of its Indian businesses.

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History of this topic

Vodafone Idea to contest ₹10.76 crore penalty order under CGST Act
11 months, 2 weeks ago

Vodafone Idea to contest ₹10.76 crore penalty order under CGST Act

Live Mint  

Vodafone Idea Limited on 4 January announced that it will take appropriate legal action for rectification and reversal of an order it received under the Central Goods and Services Tax Act, 2017, entailing a penalty of ₹10.76 crore. "The company does not agree with the order and will take appropriate action for rectification/ reversal of the same," Vodafone Idea said …

Bombay HC orders tax refund of ₹1,128 crore to Vodafone Idea
1 year, 1 month ago

Bombay HC orders tax refund of ₹1,128 crore to Vodafone Idea

Live Mint  

The Bombay High Court has directed the Income Tax department to refund ₹1,128 crore to Vodafone Idea paid by the telecom operator in taxes for the assessment year 2016-2017. In its judgement passed on Wednesday, the Bombay HC ruled that the assessment order passed by the department in August this year against the beleaguered telecom operator was “time barred and …

Rollback Of Retro Tax: An Olive Branch To Foreign Investors
3 years, 4 months ago

Rollback Of Retro Tax: An Olive Branch To Foreign Investors

Live Law  

In January 2012, the Supreme Court of India gave relief to foreign investors through its landmark decision in Vodafone International Holdings BV v. Union of India. The tax authorities contended that the transfer of shares of the Cayman Island company led to the transfer of a capital asset situated in India and income from such transfer was taxable in India. …

Voda Tax Case: India Files Application in Singapore High Court Against Arbitration Panel Verdict
3 years, 10 months ago

Voda Tax Case: India Files Application in Singapore High Court Against Arbitration Panel Verdict

News 18  

New Delhi: India has challenged in the Singapore High Court an international arbitration tribunal's verdict that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc, and the order passed in Cairn Group's case is under consideration of the government, Parliament was informed on Monday. An international arbitration court had in September last year rejected tax …

Hague court cites statements by Modi, Jaitley to overturn Rs 10k crore tax demand from Cairn
3 years, 11 months ago

Hague court cites statements by Modi, Jaitley to overturn Rs 10k crore tax demand from Cairn

Firstpost  

In 2016, the prime minister was quoted by the Financial Times as saying that the government “will not resort to retrospective taxation; we are making our tax regime transparent, stable and predictable” New Delhi: A three-member tribunal at the Permanent Court of Arbitration in The Hague cited statements by Prime Minister Narendra Modi and other ministers pledging not to use …

Setback for India as govt loses retrospective tax dispute case against energy giant Cairn
4 years ago

Setback for India as govt loses retrospective tax dispute case against energy giant Cairn

India Today  

In what seems to be another setback for India after Vodafone, energy giant Cairn has won an international arbitration against the government over a retrospective tax dispute, said the company on Wednesday. A three-member tribunal, comprising a judge appointed by the Indian government, ruled that India’s claim of Rs 10,247 crore in past taxes over a period of 2006-07 internal …

Delhi High Court Says It Will Pass Its Order On Centre's Appeal Against Vodafone Grp Plc
4 years ago

Delhi High Court Says It Will Pass Its Order On Centre's Appeal Against Vodafone Grp Plc

Live Law  

A Division Bench of Justice Rajiv Sahai Endlaw and Justice Asha Menon today said it would pass its order on an appeal by the Centre to restrain Vodafone Group Plc from initiating second arbitration proceedings under the India-UK Bilateral Protection Agreement, after the Centre asked the court to defer the appeal sine die, refusing to make a statement on whether …

India Has Time Till Dec-end to Appeal Against Vodafone Arbitration Award
4 years, 1 month ago

India Has Time Till Dec-end to Appeal Against Vodafone Arbitration Award

News 18  

The Indian government has time till the last week of December to appeal against the verdict of an arbitration panel that scrapped levy of Rs 22,100 crore tax on the UK-based telecom firm Vodafone Group Plc using a retrospective law. Finance Secretary Ajay Bhushan Pandey, refusing to be drawn into discussion on former Finance Minister Arun Jaitley's promise to honour …

Finance Ministry Denies Reports Of AG Not Favouring Appeal Against Vodafone Award; Says 'All Options Under Examination'
4 years, 2 months ago

Finance Ministry Denies Reports Of AG Not Favouring Appeal Against Vodafone Award; Says 'All Options Under Examination'

Live Law  

The Union Ministry of Finance has denied reports of the Attorney General for India not favouring the filing of appeal against the international arbitration award in the Vodafone case.The Ministry termed such reports reports "speculative", "totally incorrect" and "without any factual basis". The Union Ministry of Finance has denied reports of the Attorney General for India not favouring the filing …

Salutary lesson: The Hindu Editorial on the Vodafone case
4 years, 2 months ago

Salutary lesson: The Hindu Editorial on the Vodafone case

The Hindu  

Vodafone Group Plc has won yet another round in its 13-year-long battle with India’s tax authorities. On Friday, an i nternational arbitration tribunal ruled that the Indian government’s efforts to claim more than ₹20,000 crore in tax from Vodafone using retrospective legislation was in clear breach of the ‘fair and equitable treatment’ protections afforded under Article 4 of the Bilateral …

Vodafone wins arbitration against India in ₹20,000 crore tax case
4 years, 2 months ago

Vodafone wins arbitration against India in ₹20,000 crore tax case

Op India  

The Union Government has said that it is studying ruling by the Permanent Court of Arbitration in The Hague, turning down the retrospective tax demand of ₹20,000 crore made to Vodafone by Indian tax authorities. After such consultations, the Government will consider all options and take a decision on further course of action including legal remedies before appropriate fora.” Earlier …

Vodafone Idea Shares Jump Nearly 14 Percent after Arbitration Win, Market Valuation Zooms Rs 3,563.86 Crore
4 years, 2 months ago

Vodafone Idea Shares Jump Nearly 14 Percent after Arbitration Win, Market Valuation Zooms Rs 3,563.86 Crore

News 18  

Shares of Vodafone Idea Ltd zoomed nearly 14 per cent on Friday after Vodafone won the arbitration case against India over Rs 20,000 crore retrospective tax dispute. The company's market valuation rose by Rs 3,563.86 crore to Rs 29,769.86 crore on the BSE. Vodafone has won the arbitration against the Indian government over a demand for Rs 22,100 crore in …

Vodafone Wins Rs 20,000 Crore Retrospective Tax Case Against India Govt In International Arbitration
4 years, 2 months ago

Vodafone Wins Rs 20,000 Crore Retrospective Tax Case Against India Govt In International Arbitration

Live Law  

The Vodafone Group has won an international arbitration case against the Indian government in a retrospective tax dispute of over Rs 20,000 crores, reported the Reuters.The Permanent Court of Arbitration at the Hague ruled that the Indian government's tax demand on Vodafone is in breach of the investment treaty agreement between India and the Netherlands.The issue relates to the tax …

Vodafone wins arbitration against India over Rs 20,000 cr retrospective tax dispute
4 years, 2 months ago

Vodafone wins arbitration against India over Rs 20,000 cr retrospective tax dispute

India TV News  

Vodafone has won the arbitration case against Government of India over Rs 20,000 crore retrospective tax dispute. The Government of India's liability will be restricted to about Rs 75 crore -- Rs 30 crore in cost and another Rs 45 crore in tax refund, sources with direct knowledge of the matter said. Tax authorities had in September 2007 served notice …

Vodafone Wins Arbitration against India in Rs 22,100 Cr Retrospective Tax Dispute; Govt to Study Award
4 years, 2 months ago

Vodafone Wins Arbitration against India in Rs 22,100 Cr Retrospective Tax Dispute; Govt to Study Award

News 18  

British telecom giant Vodafone Group plc on Friday won an arbitration against the Indian government over a demand for Rs 22,100 crore in taxes using retrospective legislation. “There’s a wrong impression that the government will have to return Rs 20,000 crore because of award in arbitration case invoked by Vodafone International Holding BV. Tax authorities had in September 2007 served …

Vodafone wins international arbitration against India in ₹14,200-crore tax dispute case
4 years, 2 months ago

Vodafone wins international arbitration against India in ₹14,200-crore tax dispute case

The Hindu  

Vodafone Group Plc said on Friday that it had won an international arbitration case against the Indian government, ending one of the most high-profile disputes in the country involving a $2 billion tax claim. An international arbitration tribunal in The Hague ruled that India’s imposition of a tax liability on Vodafone, as well as interest and penalties, were in a …

Vodafone wins international arbitration against India in Rs 20,000 crore tax dispute case
4 years, 2 months ago

Vodafone wins international arbitration against India in Rs 20,000 crore tax dispute case

India Today  

Vodafone Group Plc said on Friday it had won an international arbitration case against the Indian government, ending one of the most high-profile disputes in the country involving a Rs 20,000 crore n tax claim. An international arbitration tribunal in The Hague ruled that India’s imposition of tax liability on Vodafone, as well as interest and penalties, were in a …

Vodafone Idea pays another Rs 1,000 crore to govt towards AGR dues
4 years, 5 months ago

Vodafone Idea pays another Rs 1,000 crore to govt towards AGR dues

India TV News  

Vodafone Idea on Saturday said it has paid additional Rs 1,000 crore to the government towards the statutory dues, taking its total payment to an aggregate Rs 7,854 crore. The company had earlier deposited Rs 6,854 crore in three tranches, Vodafone Idea said in a regulatory filing. "In line with the above, the company has yesterday paid a further sum …

Bombay HC Directs IT Department To Refund Over Rs.833 crores To Vodafone Idea Limited Within Two Weeks Without Fail [Read Order]
4 years, 5 months ago

Bombay HC Directs IT Department To Refund Over Rs.833 crores To Vodafone Idea Limited Within Two Weeks Without Fail [Read Order]

Live Law  

In a huge relief to Vodafone Idea Limited, the Bombay High Court last Friday directed the income tax department to refund Rs.833 crores to the telecom operator within two weeks "without fail." Thereafter, on October 31, 2019, the Assistant Commissioner of Income Tax passed an assessment order under Section 143 read with Section 144C of the Income Tax Act, 1961 …

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