The Supreme Court's judgement in Vodafone tax case will have its effect on many similar cases, the Parliament was informed today.
"The Supreme Court judgement in the Vodafone case will have its effect on may similar [though not identical] cases," Minister of State for Finance SS Palanimanickam said in a written reply to the Rajya Sabha.
In January this year, Vodafone International Holdings (VIH) won a major legal battle when the Supreme Court set aside a Bombay High Court verdict that had held that Income Tax department has the jurisdiction to levy Rs 11,000 crore as tax on the overseas deal between VIH and Hutchison Group.
The minister said, similar cases which are pending before various courts, or other appellate authorities, include cases of Cairn UK Holding Ltd, Unilever HPC Finance Service Inc USA, Accenture Services Pvt Ltd, Euro Pacific Security Ltd, Tata Industries Ltd and AT&T, Mcleod Russel India, SAB Miller (A&A), Sanofi Pasteur Holding SA.
In addition, there are other similar cases which are under investigation or assessment, he said.
