Government’s appeal against Vodafone admitted in Singapore court
NEW DELHI: Central Board of Direct Taxes (CBDT) chairman P C Mody on Tuesday confirmed that the government has moved Singapore court against an arbitration tribunal’s award in the Vodafone case, which has now been admitted for hearing. The Centre is also examining the Cairn order related to the retrospective amendment of tax laws.
“The law as it stands, there was a case to appeal against the award. How can the arbitration award be contrary to the law that is there? It is their interpretation and we believe there is a case against appeal… Can a bilateral treaty take away the taxation rights of a jurisdiction? That is the larger question,” the CBDT chief told TOI.