Arbitration panel cites PM, minister's assertion on retro tax to overturn Cairn tax demand

In the order, the tribunal, which consisted of one member appointed by the Indian government, said the Bharatiya Janata Party's (BJP) 2014 "election manifesto criticised the preceding government for having unleashed 'tax terrorism' and 'uncertainty', which 'negatively impact[ed] the investment climate'."

from Economy-News-Economic Times https://ift.tt/3o4iW0c