Vodafone Wins Arbitration Against India In Tax Dispute Case
Vodafone Group Plc has won the international arbitration case against Indian government in a $2billion retrospective tax dispute case on Friday in Hague at the Permanent Court of Arbitration. The Tribunal ruled that the Indian Government’s tax imposition on Vodafone is in breach of “fair and equitable” treatment. The Arbitration Tribunal has directed the Indian Tax Department to cease seeking the dues from the company and also pay INR 40 crores as a partial compensation for the legal costs.