Vodafone Begins Arbitration in Rs 12,000 Crore India Tax Dispute

Vodafone Group Plc on Wednesday said it has begun international investment arbitration against the Indian government in a more than $2-billion (around Rs 12,000 crore) tax dispute, after the two sides failed to find a solution through talks.

Without giving details, Vodafone said it filed the arbitration on April 17.

The long-running tax dispute is over Vodafone's acquisition of Indian mobile assets in 2007.

In 2012, India's Supreme Court ruled in favour of Vodafone saying the company was not liable to pay any tax on the deal.

The Indian government later that year changed rules enabling it to tax already-concluded deals.

($1=Rs 60)
 

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