News > Vodafone arbitration award: India's appeal against verdict in senior court, hearing in Sept

Vodafone arbitration award: India's appeal against verdict in senior court, hearing in Sept

Business Today | 01/08/2021 03:42 PM | Click to read full article

Indian government's appeal against a verdict of an international arbitration tribunal that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc has been transferred to a senior court in Singapore and hearings are scheduled in September.

An international arbitration court had on September25 last year rejected tax authorities' demand in back taxes and penalties relating to the British telecom giant's 2007 acquisition of an Indian operator.