India challenges Vodafone retrospective tax case ruling in Singapore court
REUTERS/Toby Melville Premium
India on Thursday challenged the international arbitration court’s ruling in favour of Vodafone Plc in the retrospective tax case, according to news reports.
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India clocks $80 bn of M&A activity, PE deals in ’20: report
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Despite the pandemic, economic slide and geopolitical tensions, deal values in 2020 kept apace with the previous year, reaching $80 billion across 1,268 transactions, according to a PwC India report.
This marked a 7% increase in value compared to 2019.
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To be sure, 25% of the deal value was attributable to sizeable inbound investments in just one company, Jio Platforms. In terms of volume, the number of deals dropped significantly from 1,945 transactions last year to 1,268.
Modi govt continues UPA legacy, files appeal against Vodafone in Singapore
The government has reportedly challenged the international tribunal s September verdict that ruled in favour of Vodafone Group Plc in the Rs 22,100-crore tax dispute case
Manu Kaushik | December 24, 2020 | Updated 20:55 IST
The government has filed the appeal in a Singapore court just before the 90-day deadline to do so
In what seems like a conflicting stand, the government has reportedly challenged the international tribunal s September verdict that ruled in favour of Vodafone Group Plc in the Rs 22,100-crore tax dispute case. The government has filed the appeal in a Singapore court just before the 90-day deadline to do so.
India challenges Vodafone arbitration ruling in Singapore court
Vodafone India s amendment to the law, which allowed the country to retrospectively tax deals such as Vodafone Group s $10.9 billion acquisition of a 67% stake in Hutchison Essar in 2007.
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Vodafone Group won a long-pending arbitration case against India’s income tax department over a ₹22,000 crore retrospective tax demand
The Permanent Court of Arbitration in The Hague held that any attempt to enforce the tax demand would violate India s international legal obligations
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NEW DELHI: India on Thursday challenged the international arbitration court’s ruling in favour of Vodafone Plc in the retrospective tax case, according to news reports. The appeal was filed on 21 December at a Singapore court.
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