Vodafone case: Centre files review petition
The Centre on Friday filed a petition before the Supreme Court seeking a review of the apex court’s landmark verdict which had held that the telecom giant Vodafone is not liable to be taxed on its $11.2-billion acquisition of Hutchison’s Indian telecom assets. The Income Tax (I-T) Department -- which had raised a demand of $2.6 billion (Rs 11,297 crore) on the 2007 Vodafone-Hutch deal -- is now claiming that the apex court judgement “suffers from errors.”
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