Indian newspapers have reported that Vodafone Essar has filed a writ in the
Bombay High Court in protest
against the Indian Income Tax Department’s decision to serve the capital gains
tax demand on the company.
The tax bill is a result of Vodafone’s $11bn acquisition of a majority stake
in Hutchison Essar, India’s fourth largest mobile telephone company.
Arun Sarin, vice-chairman, Vodafone Essar, told reporters following a recent
board meeting: ‘We are working with the Income-Tax Department to sort this
Neither the Essar Group, nor Vodafone, nor Vodafone Essar is liable to pay
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