HC issues ultimatum to Vodafone, seeks reply on show cause notice

New Delhi, Mar, 21 (ANI): Issuing an ultimatum that extension would not be granted to file a reply, the Delhi High Court on Monday asked Vodafone to reply to the show cause notice by the Income-Tax department on March 23.

Vodafone has filed a plea against an Income-Tax department notice, asking the company as to why its financial records for financial year 2011-12 should not be subjected to a special audit.

Earlier, the Income-Tax Department had issued a reminder to Vodafone over its 14,200-crore rupees tax demand.

The department had sent a notice to Vodafone International Holdings BV in this regard as the tax is due from the acquisition of 11 billion dollar Hutchison Whampoa’s India telecom business in 2007.

Vodafone says that the tax demand relates to a dispute that is currently the subject of international arbitration and no tax was due as the transaction was conducted offshore. (ANI)

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