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Wrong Iqbal Chhagla?

Iqbal Chhagla

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Background Information

Employment History

Senior Counsel


Counsel

Vodafone Ltd


Lawyer

Vodafone Ltd


Senior Counsel

Vodafone Ltd


Web References(20 Total References)


:: IMC : Services : Training & Seminars ::

www.imcnet.org [cached]

Mr. Iqbal Chagla, Senior Counsel


www.expressindia.com

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 [cached]

In September 2008, Iqbal Chagla was Vodafone's counsel but he couldn't get the courts to keep the tax authorities at bay.


www.asianage.com

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.


www.domain-b.com

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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