The government had lost an international arbitration case against Vodafone in September. India has challenged in Singapore an international arbitration tribunal’s verdict against it in a $ 2 billion tax lawsuit involving Vodafone Group Plc, according to sources. This development comes after the government lost an international arbitration case against …
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NEW DELHI: In a new setback for the government on retrospective taxes, a arbitration The panel unanimously ruled in favor of Cairn Energy Plc, arguing that the Center had not “met its obligations” under the UK-India bilateral investment treaty and international law by requesting tax payments of Rs 10,250 crore …
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Vodafone Group Plc won a lengthy tax battle with the Indian government, which had demanded that the British telecom operator pay Rs 20 billion in back taxes, interest and penalties related to the 2007 purchase of Hutchison Whampoa’s operations in India. The Permanent Court of Arbitration in The Hague held …
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Vodafone Group has maintained its position that it will not invest new capital in Vodafone Idea. “Our position has not changed.Vodafone Group does not intend to put any new capital into Vodafone Idea, ”the UK-based telecommunications group said in an emailed statement to ET. This follows the announcement by the …
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