Vodafone retro tax case: All you need to know

Business News>News>Economy>Policy>Vodafone retro tax case: All you need to know


ET Bureau


  • OCT 30, 2009: Income tax dept served notice to Vodafone International Holdings
  • Notice under Sections 201 and 201 (1A) of the Income Tax Act for non-deduction of tax at source on the $11.2 bn transaction
  • OCT 30, 2010: IT Dept ordered Vodafone to furnish Rs 11,218 cr under Sections 201 and 201(1A).
  • APR 29, 2011: Rs 7,900 cr penalty was imposed


  • SEPT 8, 2010: The Bombay High Court upheld the tax authorities decision. Dept raised tax demand in the subsequent month
  • JAN 20, 2012: SC set aside Bombay High Court decision; quashed tax & interest demand
  • It said transaction was between two overseas entities & Indian tax authorities had no territorial tax jurisdiction
  • FEB 17, 2012: Govt filed review petition
  • MAR 20, 2012: SC dismissed the review petition


  • 2012 Indian govt amended the Income Tax Act retrospectively
  • Section 119 of the Finance Act validated the tax levied on Vodafone
  • Government said the amendment was only a clarification to remove ambiguity and provide certainty


  • JAN 3, 2013: IT dept raised a fresh demand was issued for Rs 11,218 cr
  • Vodafone subsequently sought to settle the case
  • A committee set up to resolve the issue failed to make any headway


  • APR 2014: Vodafone served arbitration notices under the India-Netherlands treaty
  • New government did not roll back demand but said no fresh action under retrospective tax
  • A fresh demand was issued on February 12, 2016, for Rs 22,100 cr tax
  • SEPT 25, 2020: The Hague-based arbitration court ruled in favour of Vodafone
  • DEC 21, 2020: India challenges arbitration award at Singapore

(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.