Cairn Energy wins $1.2bn arbitration ruling over tax dispute with India
23 December 2020 - 10:33
New Delhi — Cairn Energy has won an arbitration over a tax dispute with the Indian government, serving a double blow to Prime Minister Narendra Modi’s government after a similar loss against Vodafone.
An international arbitration tribunal ruled that India’s tax claim of $1.2bn in past taxes was not a valid demand, people with knowledge of the matter said, asking not to be identified...
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