Vodafone wins international arbitration against India in $2 billion tax dispute case: sources

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NEW DELHI (Reuters) – Vodafone Group Plc (L:VOD) has won an international arbitration case against the Indian government in a $2 billion retrospective tax dispute, according to two sources with direct knowledge of the matter.

The tribunal ruled that the Indian government’s imposition of a tax liability on Vodafone (NASDAQ:VOD) is in breach of the investment treaty agreement between India and the Netherlands, one of the sources said.