It looks like Vodafone's tussle with the Indian government is far from over. The British telecom operator has today announced that it has served the Indian Government a 'Notice of Dispute' regarding India's proposal to retrospectively tax overseas business deals which was introduced by India’s finance minister Pranab Mukherjee during the Union Budget 2012, last month. The notice which was served by group's Dutch subsidiary Vodafone International Holdings BV (VIHBV), states that if the retrospective tax bill was passed as a legislation, it could pose serious consequences for Vodafone as well as other Indian and international businesses and would amount to a breach of the Indian government's obligations under the Bilateral Investment Treaty (BIT) between India and the Netherlands which mandates the government to provide fair treatment to investors. In a press statement, Vodafone asked the Indian government to either drop the retrospective aspects of…
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