TAX NEWS - JUNE 2010

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India Tax: Court to hear Vodafone tax case on 8 July

Vodafone filed an appeal with the Bombay high court on Monday challenging the tax department's jurisdiction to tax the company's stake buy in a telecoms firm in 2007.

Bombay high court on Tuesday considered Vodafone's appeal against the country' tax department and deferred it for further hearing to 8 July, the company said.

Vodafone, fighting a tax bill in India from its 2007 purchase of Hutchison Whampoa Ltd's mobile business in the country, had filed an appeal with the Bombay high court on Monday challenging the tax department's jurisdiction over the tax bill.

Vodafone has not said how much the authorities were seeking, but a person with knowledge of the matter has said it was about Rs12,000 crore ($2.6 billion), which is higher than the $2 billion figure estimated by Indian media.

"The court noted the tax department's undertaking that they will not take any further steps on the matter until the hearing," a company representative said in a statement.

The tax department had set a hearing on 14 June to discuss the size of the tax bill, Vodafone said last week.
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