BENGALURU, Sept 25 (Reuters) - India's federal government
said on Friday that it will study an international arbitration
tribunal's ruling in favour of Vodafone Group Plc,
ending one of the most high-profile disputes in the country
involving a $2 billion tax claim.
An international arbitration tribunal in The Hague ruled
that India's imposition of a tax liability on Vodafone, as well
as interest and penalties, were in a breach of an investment
treaty agreement between India and the Netherlands.
It also directed India to pay 4.3 million pounds ($5.47
million) to the company as compensation for its legal costs.
"The government will be studying the award and all its
aspects carefully in consultation with our counsels," India's
finance ministry said in a statement, adding that it will
consider all options, including legal remedies.
(Reporting by Chandini Monnappa in Bengaluru; Writing by
Devjyot Ghoshal; editing by Louise Heavens)
Vodafone (VOD)
