India to Vodafone: Pay-up or Face Asset Seizure

Vodafone's India judicial saga continues with the Indian Income Tax department issuing a notice to the UK telecom group on 04 February 2016 to pay US$ 2.1 billion in taxes or face the seizure of any assets in India. The notice caused widespread reactions because it came while the dispute between Vodafone and the Indian Revenue is in the process of international arbitration. Whilst there is no official confirmation one way or the other, the notice could be a formalistic correspondence routinel…