Permanent Court of Arbitration rules against Indian government in the Vodafone tax case (Read DECISION)

The Tribunal has also directed the Indian government to pay Vodafone an excess of 4 million pounds, being 60% of the company's costs for legal representation and assistance.
Vodafone Idea and Income Tax, Mumbai
Vodafone Idea and Income Tax, Mumbai

The Permanent Court of Arbitration (PCA) at The Hague has ruled in favour of Vodafone with respect to the Indian government's retrospective tax claim of approximately USD 5.5 billion together with penalty and interest (Approximately Rupees 40,000 Crores in today's conversion rates) stemming from the company's acquisition of the Indian assets of Hutch back in 2007.

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