HC refuses to stop Vodafone's UK arbitration in tax case
The Delhi High Court on Monday allowed the second arbitration initiated by Vodafone under an India-UK bilateral treaty in the over â¹20,000-crore retrospective tax case. The telecom major had already initiated arbitration proceedings on the same tax dispute under an India-Netherlands treaty. India had raised the tax demand against Vodafone over its $11-billion acquisition of Hutchinson Telecom.