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This profile was last updated on 12/19/08  and contains information from public web pages.

Mr. Iqbal Chhagla

Wrong Iqbal Chhagla?
 
Background

Employment History

20 Total References
Web References
:: IMC : Services : Training & Seminars ::
www.imcnet.org, 19 Dec 2008 [cached]
Mr. Iqbal Chagla, Senior Counsel
Arguing for Vodafone, senior ...
www.expressindia.com, 23 June 2008 [cached]
Arguing for Vodafone, senior counsel Iqbal Chagla termed the case as a ‘pathbreaking matter', saying that for the first time IT Dept is seeking to collect tax in this way.
Chagla said that while Vodafone is a Dutch company, Hutchisson is incorporated in Cayman Islands.Income Tax act does not apply in such a situation, he said.
Secondly, he argued, a share-purchase did not amount to transfer of capital assets.
Department is holding Vodafone liable because it expected Vodafone to deduct capital gains tax while making payment to Hutchisson.But Chagla argued that since the entire deal occurred on foreign soil, if Vodafone were to shell out the tax, there was no way it could recover it from Hutch, which was the seller.
"No notice was ever sent to Hutch," Chagla said.
Vinod & Narendra | Vodafone Case – Inside story of the courtroom battle
www.vnca.com, 7 Feb 2012 [cached]
In September 2008, Iqbal Chagla was Vodafone's counsel but he couldn't get the courts to keep the tax authorities at bay.
Vodafone's lawyer, Mr ...
www.asianage.com, 4 Dec 2008 [cached]
Vodafone's lawyer, Mr Iqbal Chhagla argued that Vodafone is a Dutch company and Hutchison is incorporated in the Cayman Islands so neither of them comes under the jurisdiction of the Income-Tax Act.
He also argued that the share-purchase did not amount to transfer of capital assets, which could be taxed.
During the final hearing on ...
www.domain-b.com, 23 June 2008 [cached]
During the final hearing on Vodafone's petition today, Vodafone senior counsel Iqbal Chagla said Vodafone is a Dutch company and since Hutchisson is incorporated in Cayman Islands, Indian Income Tax Act does not apply in such a situation.
Also, he argued, a share-purchase did not amount to transfer of capital assets.
Since the entire deal occurred on foreign soil, if Vodafone were to shell out the tax, there was no way it could recover it from Hutch, which was the seller, he argued.
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