The government on Tuesday sought more time from the Delhi high court to decide whether it will challenge the international arbitration court’s ruling in favour of Vodafone Plc in the retrospective tax case. The matter has been adjourned to 8 December. In September,Vodafone had won the long-pending arbitration case against India’s income tax department that demanded over ₹22,000 crore on a retrospective basis.Additional solicitor general Chetan Sharma, representing the Centre, submitted before the Delhi high court that the empowered committee of the cabinet is yet to meet and take a decision on whether to challenge the award and sought two weeks’ time. Senior advocate Harish Salve, appearing for Vodafone, said the telco will not pursue a second arbitration under the India-UK Bilateral Investment Promotion and Protection Agreement (Bipa) until the award published under the India-Netherlands Bipa is set aside.
Courtesyg: Google (photo)
