Homevideos Newslegal News

    Explained: All you need to know about the Vodafone tax dispute

    videos | IST

    Explained: All you need to know about the Vodafone tax dispute

    Mini

    The infamous retrospective tax battle over Rs 20,000 crore of alleged dues may have reached finality with Vodafone International Holdings recording a major victory against the Indian Tax department, in Arbitration.

    The infamous retrospective tax battle over Rs 20,000 crore of alleged dues may have reached finality with Vodafone International Holdings recording a major victory against the Indian Tax department, in Arbitration.
    The Permanent Court of Arbitration in Hague has held that the conduct of the Indian authorities was in breach of “fair and equitable” treatment assured under the Bilateral Investment Treaty (BIT), signed between Netherlands and India.
    The tax dispute began with the British telecom major's entry into the Indian market in 2007. Since then the case has seen various rounds of litigation, retrospective amendments to the Income Tax Act and international arbitrations. The arbitral tribunal, protecting Vodafone, terming the actions of Indian authorities as a breach of bilateral investment treaty, have brought the issue to a close.
    Will the issue rest? Will the Indian government accept this decision, in toto?
    Watch the video
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng