LANDMARK SUPREME COURT JUDGEMENT FAVOURING INBOUND INVESTMENT IN INDIA
In one of the most high profile cross border tax litigation in India in the "USD 2 billion Vodafone Case" involving taxability of transfer of shares of an overseas company between two non-residents where the overseas company indirectly held shares in an Indian company, the Supreme Court of India (SC), which is the Apex Court of India, has given a landmark decision on January 12, 2012 favoring Vodafone to hold that the transaction is not subject to either tax or withholding tax in India
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Last Updated on Friday, 25 May 2012 11:20