October 22, 2020

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Govt yet to take call on Voda tax arbitration case

The government is yet to take a call on appealing against an arbitration award relating to retrospective tax demand against British telecom player Vodafone. Last month, an international arbitration court ruled that the Indian government seeking Rs 22,100 crore in taxes from telecom giant Vodafone using retrospective legislation was in "breach of the guarantee of fair and equitable treatment" guaranteed under the bilateral investment protection pact between India and the Netherlands....

The government is yet to take a call on appealing against an arbitration award relating to retrospective tax demand against British telecom player Vodafone. Last month, an international arbitration court ruled that the Indian government seeking Rs 22,100 crore in taxes from telecom giant Vodafone using retrospective legislation was in “breach of the guarantee of fair and equitable treatment” guaranteed under the bilateral investment protection pact between India and the Netherlands.

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