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An international tribunal has ruled in favour of British telecom major Vodafone Group Plc in the ₹20,000-crore tax liability case that dates back to 2007, in a move that would set a precedent for a dozen similar cases in India.
In its ruling on Friday, the International Arbitration Tribunal at The Hague ruled that the tax liability on Vodafone is a breach of the investment treaty signed between India and the Netherlands.
BusinessLine's Rajesh Kurup tells us more.
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