Vodafone says it responded in time to govt on Rs 20,000 cr capital gains tax case

Feb 19 2014, 22:09 IST
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SummaryPC had earlier said that Vodafone is not able to make up its mind on whether to go forward with conciliation or not.

options were held both before and after Hutchison Essar sale by the same company," Vodafone said.

The I-T department slapped a tax liability of Rs 3,700 crore in the share transfer case from its subsidiary VISPL.

"From the outset of the discussions, Vodafone has made it clear that any negotiated resolution would need to encompass all aspects of the Hutchison Essar sale considered by the Supreme Court in reaching its verdict in 2012," it added.

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