Indian Income Tax

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Hutch Essar - History - Vodafone-Hutchison Tax Case
... Vodafone was embroiled in a $2.5 billion tax dispute with the Indian Income Tax Department over its purchase of Hutshison Essar Telecom services in April 2007 ... It was being alleged by the Indian Tax authorities that the transaction involved purchase of assets of an Indian Company, and therefore the transaction, or part thereof was ... The crux of the dispute had been whether or not the Indian Income Tax Department has jurisdiction over the transaction ...

Famous quotes containing the words tax, indian and/or income:

    But the tax collector, standing far off, would not even look up to heaven, but was beating his breast and saying, ‘God, be merciful to me, a sinner!’
    Bible: New Testament, Luke 18:13.

    Our Indian said that he was a doctor, and could tell me some medicinal use for every plant I could show him ... proving himself as good as his word. According to his account, he had acquired such knowledge in his youth from a wise old Indian with whom he associated, and he lamented that the present generation of Indians “had lost a great deal.”
    Henry David Thoreau (1817–1862)

    The question for the country now is how to secure a more equal distribution of property among the people. There can be no republican institutions with vast masses of property permanently in a few hands, and large masses of voters without property.... Let no man get by inheritance, or by will, more than will produce at four per cent interest an income ... of fifteen thousand dollars] per year, or an estate of five hundred thousand dollars.
    Rutherford Birchard Hayes (1822–1893)