Vodafone in September had won the case against India, endingone of the most high-profile disputes in the country that hadcaused concern among investors over retrospective tax claims oncompanies. An international arbitration tribunal in The Hague had ruled that India's imposition of a tax liability on Vodafone was in abreach of an investment treaty agreement between India and theNetherlands. The Union Finance Ministry did not immediately reply to an email and message seeking comment on the story. India lost another international arbitration case this week against Cairn Energy, over a tax dispute. India has faced a string of arbitrations by investors including Deutsche Telekom, Nissan Motor Co,Vodafone and Cairn Energy over issues ranging from retrospectivetaxation to payment disputes.

Source: The Hindu December 24, 2020 06:20 UTC