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Context: In a unanimous decision, the Permanent Court of Arbitration at The Hague ruled that India’s retrospective demand of Rs 22,100 crores as capital gains and withholding tax imposed on the British telecommunication company for a 2007 deal was “in breach of the guarantee of fair and equitable treatment”.
The court has also asked India not to pursue the tax demand any more against Vodafone Group.
What is the case?
SETBACK FOR POLICY
What is retrospective taxation?
What happened after India passed the retrospective taxation law?
What is the Bilateral Investment Treaty?
What did the Permanent Court of Arbitration at The Hague say?
https://indianexpress.com/article/explained/retrospective-taxation-the-vodafone-case-and-the-hague-court-ruling-6613799/
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