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SC to rule on Vodafone tax case Friday

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Reuters Mumbai

The Supreme Court of India will issue a verdict on Friday on Vodafone's appeal challenging a $2.2 billion tax bill over its acquisition of mobile assets in the country, the court's website showed, in a case keenly watched by foreign investors in Asia's third-largest economy.

Vodafone, fighting the tax bill in India over its 2007 purchase of Hutchison Whampoa Ltd's Indian mobile business, had appealed to the Supreme Court challenging a lower court order that Indian tax authorities had jurisdiction over tax bills in cross-border deals.

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First Published: Jan 19 2012 | 12:00 AM IST

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