VODAFONE-CASE-HEARING-ON-14TH-JUNE-2010
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Vodafone did not say how much the authorities were seeking, but a person with knowledge of the matter said it was about 120 billion rupees ($2.56 billion), which is higher than the $2 billion figure estimated by Indian media.
“Whilst an amount of tax has been suggested by the Tax Authorities, it is important to note that this is not a demand for payment,” a company representative said in a statement on Friday.
“Vodafone remains confident that there is no tax to pay on this transaction,” the statement said, adding that the company was considering its next move.
Source tax guru
