As per the Vodafone award, the government needed to reimburse the firm 60 per cent of its legal costs
India has challenged in Singapore an international arbitration tribunal’s verdict overturning its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc.
The British telecom major in September had won the arbitration at The Hague, with the tribunal ruling that India’s imposition of the tax liability was in breach of the India-Netherlands bilateral investment treaty. India had 90 days to appeal the ruling. The appeal was filed closer to the deadline, which ended on Wednesday.
The Indian government has also lost an international arbitration case to energy giant Cairn Energy Plc over the retrospective levy of taxes, and has been
First Published: Dec 24 2020 | 6:54 PM IST