Vodafone seeks time till January next for tax claim reply
New Delhi: UK-based mobile major Vodafone
has sought an extension until January 29 next year to reply to
a tax claim notice issued last month by the Income-Tax
Department, the Lok Sabha was informed on Friday.
On October 30, 2009, the Income-Tax Department issued a
notice to Vodafone International Holdings BV (VIH BV) over its
11.2-billion dollar purchase of Hutchison Telecom`s Indian
operations (Vodafone Essar) in 2007.
"Vodafone International Holdings BV (VIH-BV) was required
to file its explanation by November 16, 2009. However VIH BV
has requested for further time till January 29, 2010,"
Minister of State for Finance S S Palanimanickam said in a
written reply to the Lok Sabha.
A notice was issued to VIH BV to show cause why the I-T
Department can not proceed against it for default of
non-deduction of tax at source from the payment made to
Hutchison Telecom International Ltd (HTIL) for acquiring the
controlling interest and other assets of HTIL in Indian
telecom company Hutchison Essar Ltd.
"VIH BV was also asked to show cause why it should not be
treated as an assessee in default for its failure to deduct
and pay the tax," Palanimanickam said.
Vodafone acquired a 67 per cent stake in Hutchison Essar
from Hutchison Telecommunications International, in May 2007.
Vodafone has always maintained that, because the deal took
place between CPG, which is registered in the Cayman Islands,
and Vodafone International, which is based in the Netherlands,
it is not liable to pay tax in India.
More from India
More from World
More from Sports
More from Entertaiment
- Ajinkya Rahane to captain India on Zimbabwe tour; Dhoni, Kohli rested
- Kejriwal knew Tomar possessed fake degree, says Yogendra Yadav
- Shiv Sena slams HC order banning erection of pandals on roads
- Top leader of NSCN(K) arrested for Manipur attacks by NIA
- Kejriwal's electricity bill exceeds Rs 1 lakh in two months: RTI
- India vs Zimbabwe: Ajinkya Rahane to lead; MS Dhoni, Virat Kohli rested
- Tihar Jail's security breached: Lt Governor Najeeb Jung orders probe, Centre seeks report
- Chinese military research academy praises India's main battle tank Arjun, says it's 'very good'
- Gangster Abu Salem ready to tie the knot with girl seeking to marry him
- Vijender Singh brings down curtains on India career, turns professional