Zoozoo axes the taxes: The case timeline

Feb 2007: Vodafone buys 67% stake in Hutchison India for $ 11.5 bn

August 2007: Income Tax dept issues show cause notice to Hutchison Essar

September 2007: Income Tax dept issues show cause notice to Vodafone

October 2007: Vodafone files a writ petition in the Bombay High Court

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February 2008: Govt amends Section 201 of IT act with retrospective effect, Amendment makes withholding tax mandatory

December 2008: Bombay High Court allows Tax dept to proceed on show cause notice

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January 2009: Vodafone approaches Supreme Court challenging Tax dept’s jurisdiction

January 2009: SC asks Tax dept to determine whether it has jurisdiction to levy tax

Jan-Sept 2009: Vodafone provides documents to tax dept to determine jurisdiction

30 October 2009:  Income tax Dept issues new showcause notice

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29 January 2010: Vodafone files its response against the fresh showcause notice

31 May 2010: Tax dept issues order claiming jurisdiction to tax the transaction

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7 June 2010: Vodafone files a writ petition in the Bombay HC challenging the order

8 Sept 2010: Bombay HC delivers the verdict in favour of IT Dept

14 Sept 2010: Vodafone challenges the Bombay HC order in the Supreme Court

15 Nov 2010: SC asks Vodafone to deposit Rs 2500 cr in cash,Rs 8500 cr in bank guarantees

20 Jan 2012: Supreme Court delivers 2:1 judgement, no tax liability for Vodafone, No capital gains as buyer, seller are both foreign entities, SC asks Tax dept to return Rs 2500 crore to Vodafone with 4% interest