Authorities stated on Friday that it’s going to examine a world arbitration tribunal’s ruling in favour of Vodafone Group Plc, ending some of the high-profile disputes within the nation involving a $2 billion tax declare.
A global arbitration tribunal in The Hague dominated that authorities’s imposition of a tax legal responsibility on Vodafone, in addition to curiosity and penalties, have been in a breach of an funding treaty settlement between India and the Netherlands.
It additionally directed India to pay 4.three million kilos to the corporate as compensation for its authorized prices.
“The federal government will likely be learning the award and all its features fastidiously in session with our counsels,” finance ministry stated in a press release, including that it’s going to take into account all choices, together with authorized cures.
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