https://www.taxtmi.com/news?id=24053 Government challenges an international arbitral award on grounds that the tribunal improperly exercised jurisdiction over a national tax dispute India did not agree to arbitrate, and that the award rests on claims founded in an abusive tax avoidance scheme and ratifies a double non taxation structure, thereby raising public policy concerns; the Government has applied to set aside the award and rejects media reports that it instructed state banks to repatriate foreign funds, while remaining open to amicable resolution within domestic law. en-us Mon, 24 May 2021 09:28:10 +0530 Mon, 24 May 2021 09:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24053 Government challenges an international arbitral award on grounds that the tribunal improperly exercised jurisdiction over a national tax dispute India did not agree to arbitrate, and that the award rests on claims founded in an abusive tax avoidance scheme and ratifies a double non taxation structure, thereby raising public policy concerns; the Government has applied to set aside the award and rejects media reports that it instructed state banks to repatriate foreign funds, while remaining open to amicable resolution within domestic law. News - Mon, 24 May 2021 09:28:10 +0530 https://www.taxtmi.com/news?id=24053