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Cairn verdict may push govt to appeal Vodafone order, say officials

India had got 90 days' to challenge the Vodafone award before a court in Singapore - which was the seat of arbitration

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While the government's liability in the Vodafone case will merely be around Rs 75 crore, India will need to follow a uniform approach

Dilasha Seth New Delhi
The unfavourable verdict in a tax dispute with Cairn Energy Plc may prompt the Centre to challenge the Vodafone order before a Singapore court, say tax officers.

The award of over Rs 8,800 crore in favour of Cairn Energy will mean a considerable hit in the government's finances. This is likely to make the tax department file an appeal in The Hague. While the government's liability in the Vodafone case will merely be around Rs 75 crore, India will need to follow a uniform approach in both the cases as they pertain to retrospective legislation under the bilateral investment treaty, said

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First Published: Dec 24 2020 | 6:10 AM IST

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