The Supreme Court declined to stay the Bombay High Court judgment against Vodafone of 8 September , giving the Indian tax department four weeks to decide how much Vodafone will have to pay in taxes on its purchase of Hutchison Whampoa’s Indian telecoms subsidiary, reported Bloomberg today . Vodafone...

The Bombay High Court has held that the Indian tax authorities were correct in assessing Vodafone for its Indian tax liability in the $11bn acquisition of Hutchison Essar.