In India&rsquo;s most vigorously contested tax dispute, on Friday, a three-member bench of the Apex Court pronounced its verdict vindicating Vodafone&rsquo;s stand questioning the jurisdiction of the tax administration. The controversy which assumed unprecedented media visibility in the past few years surrounded Vodafone&rsquo;s obligation to withhold tax on alleged capital gains that Hong Kong based Hutch group made in relation to USD 11 billion investment (Vodafone) made for acquiring controlling interest in a telecom license.

Mukesh Butani

Mukesh Butani

Page 4 - Mukesh Butani

SC puts to rest Vodafone's woes