Vodafone in September had won the case against India, ending one of the most high-profile disputes in the country that had caused concern among investors over retrospective tax claims on companies. Experts mixed on the Indian government response. Subsequently, Vodafone challenged the High Court judgment in the Supreme Court, which in 2012 ruled that Vodafone Group’s interpretation of the Income Tax Act of 1961 was correct and that it did not have to pay any taxes for the stake purchase. Posted by studycafe. Vodafone Group has won a long pending arbitration case against the Indian government relating to retrospective taxation under which the income … As the name suggests, retrospective taxation allows a country to pass a rule on taxing certain products, items or services and deals and charge companies from a time behind the date on which the law is passed. • Pending: the arbitration proceedings are pending. The tax dispute started with Vodafone's acquisition of the Indian mobile assets from Hutchison Whampoa in 2007. Also read | Govt may have to shell out Rs 85 crore if it decides not to appeal. New Delhi: The court on Tuesday adjourned Vodafone arbitration case to December 8. India has challenged in Singapore an international arbitration court's verdict against it over a $2 billion tax claim involving Vodafone Group Plc. In 2012, India's top court ruled in favour of the telecom provider but the government later that year changed the rules to enable it to tax deals that had already been concluded. 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. Explained: What are spectrum auctions, and what can happen in the upcoming auction? In a different case, the heavily indebted telecoms firm had won some reprieve earlier this month as the Supreme Court gave mobile carriers 10 years to settle thousands of crores in government dues. 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Vodafone International Holding vs Union of India. Subsequently, in 2014, Vodafone initiated arbitration proceedings against India. Vodafone contended that the demand for paying taxes violated the principles of … Future Retail, Amazon agree on 3-member SIAC panel, After Adanis, RIL seeks to placate farmers: ‘with you’, Ramnath Goenka Excellence in Journalism Awards, Statutory provisions on reporting (sexual offenses), This website follows the DNPA’s code of conduct. NEW DELHI: The government on Friday said it will consider all options, including legal remedies, with regard to Vodafone arbitration case which went in the company's favour. here to join our channel (@indianexpress), How the unusual January rain in Maharashtra will affect crops. India has challenged the international arbitration court's verdict against it over a $2-billion tax claim involving British telecom major Vodafone in Singapore on Thursday, a day after it lost another case against Cairn Energy in the retrospective tax case. The case remains pending, for instance, if a State is found to have breached one or more IIA obligations (liability) but no award on damages has been issued yet. India’s loss in an international arbitration case against Vodafone Group on Friday over a retrospective tax demand on its $11.2-billion acquisition .. Track Latest News Live on NDTV.com. While the treaty was between India and the Netherlands, Vodafone invoked it as its Dutch unit, Vodafone International Holdings BV, had bought the Indian business operations of Hutchinson Telecommunicaton International Ltd. He... read more, * The moderation of comments is automated and not cleared manually by, Copyright © 2021 The Indian Express [P] Ltd. 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