Bombay High Court rules on Vodafone’s petition

This article summarizes a recent decision of the Bombay High Court (BHC) in the case of Vodafone International Holdings B.V. The issue before the BHC was whether the tax authorities (Authorities) had the jurisdiction under the Indian Income Tax Act, 1961 (ITA) to tax the gains arising from the transfer of shares of a foreign holding company.

Bombay High Court rules on Vodafone’s petition barandbench.com barandbench.com Tue, Oct 5, 2010