Supreme Court dismisses petition in Vodafone caseMarch 2nd, 2012 - 3:59 pm ICT by IANS
New Delhi, March 2 (IANS) The Supreme Court Friday dismissed a petition by advocate M.L. Sharma as “irresponsible and scandalous” that alleged conflict of interest over the court’s verdict in the Rs.11,218 crore ($2.2 billion) tax dispute case of telecom firm Vodafone.
Last month Sharma had alleged in a petition that Chief Justice S. H. Kapadia had not disclosed that his son Hoshnar Kapadia worked with Ernst and Young, a consultant firm that had tendered advice to Vodafone on taxation issues.
Sharma filed the petition after Indian tax authorities filed a review petition in the case.
The case involved a levy on a 2007 transaction in which Vodafone Plc had paid $11.2 billion to Hong Kong-based Hutchison for acquiring a 67 percent stake in Indian telecom services major Hutch Essar.
In January, the Supreme Court had ruled in favour of Vodafone saying that Indian officials did not have jurisdiction over a deal between two global companies even if assets involved in that deal were located in India.
A bench of Chief Justice S.H. Kapadia, Justice K.S. Radhakrishnan and Justice Swatanter Kumar Jan 20 set aside a Bombay High Court order that upheld the tax demand by income tax authorities on account of the said acquisition.
An apex court bench headed by Justice Aftab Alam, while dismissing the petition by Sharma imposed a cost of Rs.50,000 on him for filing “frivolous” and “scandalous” petition.
Justice Alam also questioned the bonafide of the petitioner.
- Apex court dismisses lawyer's petition in Vodafone case (Lead) - Mar 02, 2012
- Government's plea for Vodafone verdict review dismissed (Lead) - Mar 20, 2012
- Government plea on Vodafone tax verdict dismissed (Second Lead) - Mar 20, 2012
- Government seeks review of Supreme Court's Vodafone verdict (Lead) - Feb 18, 2012
- Government seeks review of Supreme Court's Vodafone verdict - Feb 17, 2012
- Government's plea for Vodafone verdict review dismissed - Mar 20, 2012
- India's apex court saves Vodafone $2.2-bn tax burden (Roundup) - Jan 20, 2012
- Vodafone welcomes apex court's decision in tax case - Jan 20, 2012
- Supreme Court adjourns Vodafone plea on income tax order - Oct 25, 2010
- Apex court adjourns Vodafone plea on income tax order (Lead) - Oct 25, 2010
- On Vodafone ruling, father-son Bhushans don't see eye to eye - Mar 23, 2012
- Vodafone needn't pay tax for Hutch acquisition: Supreme Court - Jan 20, 2012
- Government to amend law to tax Vodafone-type deals - Mar 16, 2012
- SC directs Vodafone to deposit 2,500 cr, bank guarantee of 8,500 cr - Nov 15, 2010
- Vodafone confident of no tax liability in Essar buyout (Lead) - Nov 15, 2010
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