{"id":16450,"date":"2012-01-21T11:02:24","date_gmt":"2012-01-21T05:32:24","guid":{"rendered":"https:\/\/www.legalindia.in\/news\/?p=16450"},"modified":"2012-01-21T11:02:26","modified_gmt":"2012-01-21T05:32:26","slug":"vodafone-neednt-pay-tax-for-hutch-acquisition-supreme-court","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/vodafone-neednt-pay-tax-for-hutch-acquisition-supreme-court","title":{"rendered":"Vodafone needn\u2019t pay tax for Hutch acquisition: Supreme Court"},"content":{"rendered":"<p><a href=\"https:\/\/www.legalindia.in\/news\/vodafone-neednt-pay-tax-for-hutch-acquisition-supreme-court\/supreme-court-155\" rel=\"attachment wp-att-16452\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"16452\" data-permalink=\"https:\/\/www.legalindia.com\/news\/vodafone-neednt-pay-tax-for-hutch-acquisition-supreme-court\/supreme-court-155\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2012\/01\/Supreme-Court2.jpg?fit=217%2C232&amp;ssl=1\" data-orig-size=\"217,232\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Supreme Court\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2012\/01\/Supreme-Court2.jpg?fit=140%2C150&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2012\/01\/Supreme-Court2.jpg?fit=217%2C232&amp;ssl=1\" class=\"alignright size-full wp-image-16452\" src=\"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2012\/01\/Supreme-Court2.jpg?resize=217%2C232&#038;ssl=1\" alt=\"\" width=\"217\" height=\"232\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2012\/01\/Supreme-Court2.jpg?w=217&amp;ssl=1 217w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2012\/01\/Supreme-Court2.jpg?resize=140%2C150&amp;ssl=1 140w\" sizes=\"auto, (max-width: 217px) 100vw, 217px\" \/><\/a>The Supreme Court Friday set aside the Bombay High Court order directing Vodafone to pay a tax of Rs.11,218 crore ($2.5 billion) for acquiring the operations of Hutch Essar in 2007.<\/p>\n<p>Delivering a majority judgment, Chief Justice S.H. Kapadia said Indian tax authorities have no jurisdiction over the transactions carried out abroad. He said for the stability of economic operations, investors should know where they stand.<\/p>\n<p>He said Hutch Essar, whose Indian operations were acquired by Vodafone, was not a fly-by-night operator and was in India since 1994 and had contributed Rs.20,242 crore by way of direct and indirect taxes.<\/p>\n<p>Justice Kapadia delivered the majority judgment alone with Justice Swatanter Kumar. However, in a concurrent judgment but with different reasoning, Justice K.S. Radhakrishnan also set aside the high court judgment of 2010.<\/p>\n<p>The court said the tax authorities will return the Rs.2,500 crore that Vodafone had deposited in pursuance to its interim order within two months from Friday.<\/p>\n<p>It also said tax authorities will pay interest at the rate of four percent per annum from the date the tax authorities withdrew money from the court\u2019s registry and up to the date when they actually return the money.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court Friday set aside the Bombay High Court order directing Vodafone to pay a tax of Rs.11,218 crore ($2.5 billion) for acquiring the operations of Hutch Essar in 2007. Delivering a majority judgment, Chief Justice S.H. Kapadia said Indian tax authorities have no jurisdiction over the transactions carried out abroad. He said for [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1954],"tags":[47741,2221,2222,47726,1406],"class_list":["post-16450","post","type-post","status-publish","format-standard","hentry","category-high-profile-cases","tag-bombay-high-court","tag-chief-justice-s-h-kapadia","tag-justice-k-s-radhakrishnan","tag-supreme-court","tag-vodafone"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vodafone needn\u2019t pay tax for Hutch acquisition: Supreme Court - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The Supreme Court Friday set aside the Bombay High Court order directing Vodafone to pay a tax of Rs.11,218 crore ($2.5 billion) for acquiring the - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/news\/vodafone-neednt-pay-tax-for-hutch-acquisition-supreme-court\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vodafone needn\u2019t pay tax for Hutch acquisition: Supreme Court - Legal News India - Supreme Court &amp; High Court Updates\" \/>\n<meta property=\"og:description\" content=\"The Supreme Court Friday set aside the Bombay High Court order directing Vodafone to pay a tax of Rs.11,218 crore ($2.5 billion) for acquiring the - Get the latest legal news from the Supreme Court, High Courts, and government. 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An apex court bench headed by Chief Justice S.H. Kapadia also said Vodafone has to provide a bank guarantee of Rs.8,500\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2010\/11\/vodaphone.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":17666,"url":"https:\/\/www.legalindia.com\/news\/supreme-court-dismisses-petition-in-vodafone-case","url_meta":{"origin":16450,"position":1},"title":"Supreme Court dismisses petition in Vodafone case","author":"Legal India Admin","date":"March 2, 2012","format":false,"excerpt":"The Supreme Court on Friday dismissed a petition by advocate M.L. Sharma as \"irresponsible and scandalous\" that alleged conflict of interest over the court's verdict in the Rs.11,218 crore ($2.2 billion) tax dispute case of telecom firm Vodafone. Last month Sharma had alleged in a petition that Chief Justice S.\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2012\/03\/voda.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":17176,"url":"https:\/\/www.legalindia.com\/news\/government-seeks-review-of-supreme-courts-vodafone-verdict","url_meta":{"origin":16450,"position":2},"title":"Government seeks review of Supreme Court&#8217;s Vodafone verdict","author":"Legal India Admin","date":"February 18, 2012","format":false,"excerpt":"The Indian tax authorities Friday filed a review petition in the Supreme Court on its verdict in a Rs.11,218 crore ($2.2 billion) tax dispute favouring telecom service provider Vodafone. The case involved a levy on a 2007 transaction in which Vodafone Plc had paid $11.2 billion to Hong Kong-based Hutchison\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2012\/02\/supreme-court9.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":18321,"url":"https:\/\/www.legalindia.com\/news\/government-plea-on-vodafone-tax-verdict-dismissed","url_meta":{"origin":16450,"position":3},"title":"Government plea on Vodafone tax verdict dismissed","author":"Legal India Admin","date":"March 21, 2012","format":false,"excerpt":"The government Tuesday suffered a setback as the Supreme Court dismissed its plea for a review in the Rs.11,218 crore ($2.2 billion) tax dispute case against telecom giant Vodafone. The rejection of the review petition meant that the government will have to return the Rs.2,500 crore Vodafone had deposited. \"We\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2012\/03\/vv.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":17213,"url":"https:\/\/www.legalindia.com\/news\/govt-to-seek-hearing-of-vodafone-case-in-open-court","url_meta":{"origin":16450,"position":4},"title":"Govt to seek hearing of Vodafone case in open court","author":"Legal India Admin","date":"February 20, 2012","format":false,"excerpt":"Union Government is likely to seek the hearing of its review petition for reconsideration of Vodafone taxation case judgement, in the open court. Normally, review petition is decided by its circulation among the judges of the bench which earlier decided the matter in their chambers without hearing. The Centre has\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7157,"url":"https:\/\/www.legalindia.com\/news\/supreme-court-adjourns-vodafone-plea-on-income-tax-order","url_meta":{"origin":16450,"position":5},"title":"Supreme Court adjourns Vodafone plea on income tax order","author":"Legal India Admin","date":"October 25, 2010","format":false,"excerpt":"The Supreme Court Monday adjourned the hearing on a petition by Vodafone challenging an income tax department order asking the telecom giant to pay Rs.11,218 crore ($2.5 billion) tax. The matter will come up for hearing Nov 15. The apex court bench headed by Chief Justice S.H. Kapadia said they\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-4hk","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/16450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=16450"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/16450\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=16450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=16450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=16450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}