The Indian government’s appeal against an international arbitration court ruling in favour of UK-based telecom operator Vodafone Plc involving a tax demand of Rs 221 billion has been accepted in a Singapore court.
The government had filed its appeal in December 2020 on the final day of the 90-day deadline to approach the Singapore court.
Earlier, Vodafone had won the arbitration case that involved a dispute regarding retroactive tax claims with the Indian government. Further, the international tribunal had held the Indian government guilty of violating provisions of the India-Netherlands bilateral investment treaty while making tax claims from Vodafone Plc through retrospective amendment to the law.
The Singapore court has now accepted the Indian government’s appeal against the international tribunal’s verdict and is likely to hear the matter soon.