ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Legitimising Tax Avoidance

The Vodafone tax case in which the Supreme Court overturned a Bombay High Court ruling on the validity of the income tax department claim on capital gains incurred in the sale transaction between Hutch and Vodafone has been hailed as a boost for corporate investment. However, what the ruling does is favour tax avoidance strategies. Indeed, it goes against the Supreme Court's own ruling in 1986 in opposition to such strategies.

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