New Delhi, Feb. 17 (ANI): The Income Tax Department has issued a reminder to Vodafone over its 14,200-crore rupees tax demand.
On 4th of this month, 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.
Meanwhile, the Income-Tax Department has said that the notice served to the company was a part of a normal process. (ANI)