Bombay High Court rules in favour of Vodafone on share issue

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Bombay High Court rules in favour of Vodafone on share issue

Matthew Gilleard
October 09 2014
vodafone.jpg

In a decision that could give relief to more than 20 other pending cases, the Bombay High Court has ruled in favour of Vodafone that in the absence of income, a share issue transaction cannot be subjected to transfer pricing.

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