Vodafone Group Plc said on Friday it had won an international arbitration case against the Indian government, ending one of the most high-profile disputes in the country involving na over ₹ 20,000 crore in dues which it had described as unfair. 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, two sources with direct knowledge of the matter said.
However, contrary to the believe, international arbitration tribunal in The Hague has ordered the Indian government to pay only Rs 40 crore to the telecom giant and not Rs 20,000 crore, according to government sources.
“There is the wrong impression that the government will have to return Rs 20,000 crore because of this judgment. However, the…