Consulting firm, Ernst & Young said that the Bombay High Court judgement ruling that the tax department has jurisdiction to impose tax on over USD 11 billion Vodafone-Hutchison deal will not dampen sentiments for cross-border mergers involving Indian assets.

"I don't think that becomes deal breaker," Ernst & Young Partner (transaction Advisory Services) Navin Vohra told PTI.

According to Vohra, even before the judgement, players in the cross-border mergers for Indian assets used to factor that there will be a taxation.

"That position has only now firmed up and that will be factored in a deal commercials. This is a cost that seller or buyer has to bear. That's the only thing. I don't think that that dampens the sentiments," he said.