Bombay HC rejects Vodafone's petition against I-T dept

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03 Dec 08

gibreel ferishta
The Bombay High Court, in a very significant ruling, today dismissed telecom major Vodafone International's petition challenging the income tax department's show-cause notice for payment of capital gains tax of around $2 billion.

However, the division bench of Justices S Radhakrishnan and Anand Nirgude, continued the earlier stay on the I-T department's show-cause notice for further eight weeks to enable Vodafone file an appeal.

Vodaphone Income tax tax capital gains telephony
- <p>The Bombay High Court, in a very significant ruling, today dismissed telecom major Vodafone International's petition challenging the income tax department's show-cause notice for payment of capital gains tax of around $2 billion.</p><br/><p><style><br/> .rightDiv2{float:right;position:relative;width:220px;BORDER:#787962 1px solid;padding:5px}<br/> </style><br/> </p><div class="rightDiv2"><br/> <table border="0" cellspacing="0" cellpadding="0"><br/> <tbody><tr><td><br/> <script type="text/javascript"><br/> </script><br/> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"><br/> </td></tr><br/> <tr><td> </td></tr> <br/> <tr><td><!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"><br/> <html xmlns="http://www.w3.org/1999/xhtml"><br/> <head><br/> <title>Business-Standard :: </title><br/> <br/> <meta content="text/html; charset=iso-8859-1" http-equiv="Content-Type" /><br/> <link type="text/css" href="http://www.business-standard.com/india/css/globe.css" rel="stylesheet" /><br/> <link type="text/css" href="http://www.business-standard.com/india/css/career.css" rel="stylesheet" /><br/> <script language="javascript" src="http://www.business-standard.com/india/js/js.js"></script><script>window.google_render_ad();</script><iframe name="google_ads_frame" width="200" scrolling="no" height="200" frameborder="0" marginheight="0" vspace="0" hspace="0" marginwidth="0" allowtransparency="true" src="http://pagead2.googlesyndication.com/pagead/ads?client=ca-pub-1723933259695999&dt=1228301903853&lmt=1228301901&output=html&slotname=3655478575&correlator=1228301903853&url=http%3A%2F%2Fwww.business-standard.com%2Findia%2Fnews%2Fbombay-hc-rejects-vodafones-petition-against-i-t-dept%2F16%2F27%2F50554%2Fon&ea=0&ref=http%3A%2F%2Fwww.business-standard.com%2Findia%2F&frm=0&ga_vid=1553714763.1227925187&ga_sid=1228301891&ga_hid=2129937997&ga_fc=true&flash=9.0.115&u_h=800&u_w=1280&u_ah=770&u_aw=1280&u_cd=32&u_tz=330&u_his=1&u_java=true&u_nplug=25&u_nmime=89&dtd=6"></iframe><br/> <script language="javascript" src="http://www.business-standard.com/india/js/navMenu.js"></script><br/> <script language="JavaScript" src="http://www.business-standard.com/india/js/mm_menu.js"></script><br/> <br/> <br/> <table width="200" border="0" cellspacing="0" cellpadding="0"><br/> <br/> <tbody><tr id="blogs"><br/> <td class="bgYellow"><table width="100%" border="0" cellspacing="0" cellpadding="0"><br/> <tbody><tr><br/> <td> </td><br/> <br/> <td><table width="100%" border="0" class="rigthAdbottomPadding" cellspacing="0" cellpadding="0"><br/> <tbody><tr><br/> <td width="6%" align="left"><img width="9" height="9" src="http://www.business-standard.com/india/images/redBullet.gif"></td><br/> <td width="94%" align="left" class="rel_link">Also Read </td><br/> </tr><br/> </tbody></table></td><br/> </tr><br/> <tr><br/> <br/> <td style="background-image: url(http://www.business-standard.com/india/images/bgYellow_Brdr.gif); 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