The Indian government’s appeal has been moved to the Singapore High Court challenging the decision of the International Arbitration Tribunal in the Vodafone case. Giving this information, sources said that a hearing of the government of India would be held in September. The International Arbitration Tribunal has rejected India’s previous tax demand of Rs 22,100 crore on Vodafone Group, against which the Government of India has appealed.
On September 25 last year, the International Arbitration Tribunal rejected the Tax Department’s Rs 22,100 crore tax and penalty demand on a UK-based telecom company. The tax was requested by the department in 2007 when the British company acquired the Indian operator. In December last year, the government appealed against the decision based on jurisdiction.
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Two sources said the Indian government’s appeal has now been moved to the High Court and a hearing will be held in September. An appeal has been filed in the Singapore court as it is the seat of the Southeast Asian Country Tribunal.
The government has similarly challenged the decision of the three-member jury in the permanent arbitration court in The Hague. In this decision, the Government of India has sought to repay $ 1.2 billion in interest and costs to Cairn Energy PLC in the UK. Using the 2012 law, Vodafone and Cairn were asked by the government to pay tax on alleged capital gains made several years ago. This law allows the tax department to open old cases. Both Vodafone and Cairn have filed an arbitration case under the Bilateral Investment Protection Agreement. India lost both mediation cases.
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