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Vodafone Transfer Pricing Dispute

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September 12: Bombay High Court rejects Vodafone's claim that the transfer pricing officer has no jurisdiction over its call centre business transactions and says the TPO can suo moto pick up any case. Refusing the telecom giant’s petition against a Rs.8,500 crore transfer pricing order, SC says Vodafone has the alternative of going before the tax tribunal. Nishit Desai Associates’ Rajesh Simhan examines the impact of this ruling on other transfer pricing cases.