 "Narendra Modi")
The government’s tax dispute of Rs 20,000 crore with Vodafone has been settled, for the time being, by a process of international arbitration in favour of Vodafone.
It remains to be seen if the government accepts the arbitration award or seeks fresh redressal. Most people believe that it should accept the award. But it would be justified in not doing so either.
This is because at the heart of the dispute are two conflicting doctrines — the right to fair treatment and the absolute nature of sovereign power which includes actions with retrospective
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