Udayavni Special

Vodafone wins arbitration against govt in Rs 22,100 crore tax arbitration case


Team Udayavani, Sep 25, 2020, 8:07 PM IST

Telecom giant Vodafone on Friday won a significant ruling against the Indian government in an international court over ₹ 20,000 crore in dues which it had described as unfair.

The Permanent Court of Arbitration in The Hague ruled that the Indian government’s demand of Rs 22,100 crore as retrospective tax was “in breach of the guarantee of fair and equitable treatment”.

The tribunal said that the government must cease seeking the dues from Vodafone and should also pay over ₹ 40 crore to the company as partial compensation for its legal costs

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