Synopsis

_______________________________

Vodafone International Holdings Case 2008: Analysis, Impact
_____________

Synopsis Submitted by:

0241033804
I. INTRODUCTION

Recently, the Hon’ble Bombay High Court dismissed the writ petition filed by Vodafone Holdings against the show cause notice (‘notice’) issued by the Income-tax department for failure to withhold tax on the amount paid for acquiring a stake in Hutchison Essar Ltd., which could have huge ramifications in the international tax scenario in India.

In February 2007, Vodafone Holdings acquired a controlling stake in Hutchison Essar Limited (‘HEL’ now Vodafone Essar Limited) from Hong Kong based Hutchison Telecommunications International Limited (‘HTI’) by acquiring shares of CGP Investment (‘CGP’), a Cayman Island Company (which was belonging to HTI). CGP held various Mauritius companies who held 67% stake in HEL.
In September 2007, the Income-tax department had issued a notice on......

Join Now to view the rest of this term paper!
Members: Login to view this research paper.

Title: Synopsis
Approximate Word Count: 3313
Approximate Pages: 14 (250 words per double-spaced page)

With the Term Papers Lab Membership Pass, you get instant access to every essay on this site, including this essay on Synopsis, for as long as you remain a member.

Other essays sites charge almost $100 for a single term paper. At Term Papers Lab, you can get instant access to over 100,000 research papers for as little as $29.95!