New Delhi: Following is the chronology of Vodafone-Hutchison deal case in which the Supreme Court on Friday set aside the Bombay High Court judgement asking Vodafone International Holdings to pay income tax of Rs 11,000 crore:

December 2006: Hutchison Telecommunication International Ltd (HTIL) issues a press statement, stating that it had been approached by various potentially interested parties regarding a possible sale of its equity interests in Hutchison Essar Limited (HEL), the company's mobile operations in India.
   
February 10, 2007: Vodafone Group Plc made a final binding offer of over USD 11 billion based on an enterprise value of USD 18.8 billion of HEL.
   
February 11, 2007: A Sale Purchase Agreement (SPA) was entered into between Vodafone International Holdings (VIH) and HTIL.
   
March 15, 2007: IT (International Taxation) Department issues a notice to HEL seeking information regarding the sale of the stake of the Hutchison group, Hong Kong, in HEL to Vodafone Group Plc.
   
March 22, 2007:
HEL replied to the notice (15 March 2007) saying it is not in a position to provide any response, since it is neither a party to the transaction nor will there be any transfer of shares of HEL.
   
March 23, 2007: IT Department issues a letter to HEL intimating that both Vodafone Group Plc and Hutchison Telecom group announcements evidenced that HTIL had made substantial gains.

April 5, 2007: HEL clarified to the IT Department that HEL had no tax liabilities accruing out of the transaction.
   
August 6, 2007: IT Department issues a show cause notice to VEL (Vodafone Essar Limited) to explain as to why it should not be treated as a representative assessee of the VIH.
   
December 3, 2008: Bombay High Court dismisses the petition by Vodafone challenging the show cause notice.    

January 23, 2009: Supreme Court dismisses Vodafone's appeal, directs IT Department to determine the jurisdictional challenge raised by Vodafone.
   
May 31, 2010: IT Department upholds its jurisdiction, issues show cause notice to VIH as to why it should not be treated as an agent/representative assessee of HTIL.
   
September 8, 2010: Bombay High Court passes judgement on Vodafone's petition challenging IT department's decision on jurisdiction, holds that Indian Tax Dept has jurisdiction over the deal.
   
September 14, 2010: Vodafone moves SC challenging the high court judgement.
   
September 27, 2010: SC passes interim order refusing to stay the HC verdict, asks IT department to compute the tax liability of Vodafone.
   
November 15, 2010: SC asks Vodafone to deposit Rs 2,500 crore along with a bank guarantee of Rs 8500 crore.
   
August 3, 2011: Supreme Court begins final hearings in the case.
   
October 19, 2011: SC reserves its judgement.

January 20, 2012: SC set aside the Bombay High Court judgement asking VIH to pay income tax of Rs 11,000 crore, holding that tax authorities do not have jurisdiction on an overseas transaction.

(Agencies)