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Income Tax - Highlights / Catch Notes

Home Highlights January 2012 Year 2012 This

Vodafone's case - Transfer of the foreign holding company’s ...


Supreme Court: Offshore share transfer by telecom firm doesn't extinguish control over Indian subsidiary. No asset transfer involved.

January 20, 2012

Case Laws     Income Tax     SC

Vodafone's case - Transfer of the foreign holding company’s share off-shore, cannot result in an extinguishment of the holding company right of control of the Indian company nor can it be stated that the same constitutes extinguishment and transfer of an asset/ management and control of property situated in India..... - SC

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