Vodafone Tax Case

The draft rules say the Centre will not proceed with demands related to retrospective tax levy, provided that all companies withdraw cases against it

Finance Minister Nirmala Sitharaman said rules that will facilitate scrapping of retrospective tax demands will be framed soon.

India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.

Cairn in March 2015 filed a formal dispute against a demand for more than $1.6 billion from the Indian tax department that dates back to the 2007 listing of its then Indian operation

The Centre urged the high court to sine die adjourn its appeal against the single judge's verdict permitting consolidation of two international arbitrations initiated by the company against India.

The government will challenge an international arbitration decision favouring the Vodafone Group on a retrospective tax demand of Rs 20,000 crore, sources say.

Strong states grow stronger by putting limits on their own power; weak states become weaker by descending into arbitrariness. India has to choose which it wants to be.

An international arbitration tribunal in The Hague ruled that government's imposition of a tax liability on Vodafone.

The tribunal, in its ruling, said the government must cease seeking the dues from Vodafone and should also pay 4.3 million pounds to the company.

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

Vodafone Idea has claimed that the Income Tax department did not process their tax returns from 2014-15 to 2017-18.

India is entangled in more than 20 such overseas arbitration cases - the most against any country - brought by companies including Vodafone, Deutsche Telekom and Nissan Motor Co for disputes over retrospective tax claims and breach of contracts.

Vodafone is facing tax claims and interest totalling more than Rs 22,000 crore in India.

An international arbitration tribunal in February will begin trial on Vodafone's challenge to India seeking Rs 22,100 crore in taxes.

This was the company's second arbitration against India over its $11 billion deal acquiring the stake of Hutchinson Telecom.

The draft rules say the Centre will not proceed with demands related to retrospective tax levy, provided that all companies withdraw cases against it

Finance Minister Nirmala Sitharaman said rules that will facilitate scrapping of retrospective tax demands will be framed soon.

India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.

Cairn in March 2015 filed a formal dispute against a demand for more than $1.6 billion from the Indian tax department that dates back to the 2007 listing of its then Indian operation

The Centre urged the high court to sine die adjourn its appeal against the single judge's verdict permitting consolidation of two international arbitrations initiated by the company against India.

The government will challenge an international arbitration decision favouring the Vodafone Group on a retrospective tax demand of Rs 20,000 crore, sources say.

Strong states grow stronger by putting limits on their own power; weak states become weaker by descending into arbitrariness. India has to choose which it wants to be.

An international arbitration tribunal in The Hague ruled that government's imposition of a tax liability on Vodafone.

The tribunal, in its ruling, said the government must cease seeking the dues from Vodafone and should also pay 4.3 million pounds to the company.

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

Vodafone Idea has claimed that the Income Tax department did not process their tax returns from 2014-15 to 2017-18.

India is entangled in more than 20 such overseas arbitration cases - the most against any country - brought by companies including Vodafone, Deutsche Telekom and Nissan Motor Co for disputes over retrospective tax claims and breach of contracts.

Vodafone is facing tax claims and interest totalling more than Rs 22,000 crore in India.

An international arbitration tribunal in February will begin trial on Vodafone's challenge to India seeking Rs 22,100 crore in taxes.

This was the company's second arbitration against India over its $11 billion deal acquiring the stake of Hutchinson Telecom.