Vodafone issues notice to India over tax proposal

CNN-IBN | Apr 17, 2012 at 03:24pm


New Delhi: Vodafone has issued a notice to the Indian government under Bilateral Investment Protection Treaty over retrospective tax proposal announced by Finance Minister Pranab Mukherjee in the Union Budget 2012-13. The company says the proposal in the budget to tax transactions with retrospective effect amounts to denial of justice.

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