Authorities mentioned on Friday that it’ll research a global 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 world 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 4.3 million kilos to the corporate as compensation for its authorized prices.
“The federal government will probably be finding out the award and all its features fastidiously in session with our counsels,” finance ministry mentioned in a press release, including that it’ll think about all choices, together with authorized treatments.
