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India applies principle behind Vodafone tax ruling to other cases

Jan 30, 2015    

MUMBAI (Reuters) - The Indian government has asked its tax officials to apply the principle behind a tax ruling involving Vodafone Group Plc(VOD.L) to all similar transfer pricing cases, an official letter seen by Reuters showed.The government had said on Wednesday that it would not appeal a regional court ruling in favour of Vodafone in a long-running dispute under which the tax office had accused a unit of the British group of under-pricing shares in a rights issue.Tax lawyers had said they expected the government order to impact all the past and future cases.Many of the largest foreign comp...

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