Vodafone India non-executive Chairman Analjit Singh on Wednesday met senior Finance Ministry officials on the Rs 11,217 crore tax liability issue related to the British firm’s acquisition of Indian telecom assets of Hutchison Whampoa.
“We have said consistently, we are ready to resolve the Vodafone tax dispute,” Singh told reporters but did not provide any detail when asked if a resolution was in sight.
“Since we met last time, there has been no nitty-gritty like this that has been discussed... We can’t speak to one aspect, we have to see the total package,” he said on media reports that the case could be settled on partial tax waiver.
The Income Tax Department had issued a letter in January to Vodafone International Holdings BV stating that the company is required to pay tax demand of about Rs 11,217 crore along with interest.