A few cases relating to cross border merger and acquisition deals have been identified for further examination by the Revenue Department. These deals are being examined for possible tax implications. Some of these cases are:

• Deal of Vodafone International Holding BV with Hutchison Telecommunication for acquiring Hutchison Essar Ltd. 

• Deal of Sanofi Pasteur Holding with Merieux Alliance and Groupe Industriel Marcel Dassault for acquiring Shantha Biotechnics Ltd. 

• Deal of New Cingular Wireless Services Inc with AT&T Mauritius for acquiring Idea Cellular Ltd. 

• Deal of SKR BPO Services Pvt Ltd. with Barclays (H&B) Mauritius Ltd. for acquiring Intelnet Global Services Pvt. Ltd. 

• Transfer of stake in GE Capital International services/Genpact India. 

This information was given by the Minister of State for Finance, Shri S.S. Palanimanickam in written reply to a question raised in Lok Sabha today Cross-border merger tax scrutiny prompts review of several high-profile acquisitions for potential tax implications by revenue authorities Tax examination of cross-border mergers and acquisitions is underway as the Revenue Department has identified several inbound transactions for scrutiny regarding possible tax implications, including acquisitions and stake transfers involving Vodafone International Holding BV, Sanofi Pasteur Holding, New Cingular Wireless Services Inc, Barclays (H&B) Mauritius Ltd, and the transfer of stake in GE Capital International Services/Genpact India.