By IANS,
New Delhi : The Supreme Court Thursday said income-tax (I-T) authorities can go behind a deal to ascertain whether it is a genuine and legal transaction or something else dressed up as a business deal.
The court said this a day after it was told by telecom giant Vodafone that there was nothing colourable in its transaction with Hutchinson International Ltd. for acquiring its Indian arm Hutch Essar in 2007.
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