Bombay HC rules in favour of Vodafone

The Petitioner, Vodafone India Services Pvt. Ltd., is a wholly owned subsidiary of a non-resident company, Vodafone Tele-Services (India) Holdings Limited (the holding company). In AY 2009-10, the Petitioner issued equity shares on a premium to its holding company for its telecommunication services in India which resulted in the Petitioner receiving a total consideration from its holding company on issue of shares in 2008. AO and TPO contended that the shares are to be valued on applicati

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Attached File : 40_14422_vodafone.pdf

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