Discussion with litigants will happen after law to nullify retrospective tax comes into force: Finance Minister

New Delhi: The Parliament on Monday passed a bill that seeks to do away with the contentious retrospective tax provision and will impact retro tax cases of Cairn Energy and Vodafone.

Replying to the brief debate on the Taxation Laws (Amendment) Bill, 2021, in Rajya Sabha, Finance Minister Nirmala Sitharaman responded to a member’s question if Cairn Energy or Vodafone will pursue any further appeals or arbitration after the enactment of the legislation.