Now, Mitsui arm challenges Rs 2,400 crore retro tax order

The government is facing a fresh international challenge to the policy of retrospective tax amendments adopted by it. Now, Earlyguard, a British subsidiary of Japanese conglomerate Mitsui & Co, has commenced arbitration under the India-UK Bilateral Investment Treaty after income tax authorities raised a Rs 2,400-crore demand related to a transaction that took place in 2007.

from Markets-Economic Times https://ift.tt/3ouF6db
via IFTTT https://ift.tt/2Qwg7K7