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HC reserves order on Vodafone capital gains tax issue

PUBLISHED ON: July 9, 2008 | Duration: 2 min, 46 sec

  
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The Bombay High Court on Wednesday reserved its order on the dispute between the Income Tax Department and Vodafone over capital gains tax to the tune of around $2 billion, arising out of the telecom major's acquisition of Hutchisson-Essar in 2006. The division bench of Justices S Radhakrishnan and Anand Nirgude has asked Vodafone and the Income Tax Department to submit their written arguments in the matter within one week.
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