February will see Vodafone go to court in India over claims it owes 112.18 billion rupees ($2.4 billion) in capital gains tax after its 2007 acquisition of Hutchison Essar. A court case due to issue a definitive decision on whether the carrier owes the tax is scheduled for February 24. It should bring the curtain down on a long-running saga that has even seen the UK's high commissioner to India wade into the fray, with claims the firm owes nothing due to making no capital gain through the acquisition. Vodafone has consistently protested it owes nothing, because the $11 billion acquisition of Hutchison's 67% stake in Essar was handled by an offshore Dutch subsidiary and a Hutchison business in the Cayman Islands.
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