In a fresh setback for British telecom giant Vodafone which is embroiled in talks with the government to settle a Rs 20,000 cr tax spat over the 2007 Vodafone-Hutchison deal, the income tax department has issued a demand notice of Rs 3700 cr against the MNC’s Indian arm on Wednesday, two people familiar with the development told ET NOW. “A final assessment order and a notice of demand seeking... 

Extension of permits means Unified License to be obtained by the telecom operators to continue their services & also to buy new spectrum in their respective circles. Kapil Sibal the telco minister commented when the operators like Vodafone, Airtel & Loop attempt to extend their licenses in certain circles ”Today the regime has changed licences and spectrum are two separate things. Previously,...