Vodafone wins international arbitration against India in 2 billion tax dispute case

[Msingh]

The Vodafone Group has won a long pending arbitration case against the Indian tax department's demand of Rs 20,000 crore on a retrospective basis, the Permanent Court of Arbitration in Hague ruled on Friday.

Vodafone wins international arbitration against India in $2 billion tax dispute case - ET Telecom

 

[Jr MGR]

https://twitter.com/x/status/1309434253772427264

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[rajib022]

British telecom giant Vodafone Group plc on Friday won an arbitration against the Indian government over a demand for Rs 22,100 crore in taxes using retrospective legislation. An international arbitration tribunal ruled that India's demand in past taxes were in breach of fair treatment under a bilateral investment protection pact.

"The award is confidential but Vodafone can confirm that the tribunal has found (it) in Vodafone's favour," Vodafone Group said in a statement. "We are studying the lengthy documents and can make no further comment at this time."

Vodafone Wins Arbitration against India in Rs 22,100 Crore Retrospective Tax Dispute Case

Vodafone wins international arbitration against India in $2 billion tax dispute case: Report - Times of India

 

[rajib022]

₹20,000 cr retro tax case: Vodafone wins arbitration against India

 

[rajib022]

it may effects of little delay or postpone of price hike