‘Indo-Dutch BIPA does not cover tax’https://indianexpress.com/article/business/companies/indo-dutch-bipa-does-not-cover-tax/

‘Indo-Dutch BIPA does not cover tax’

The Income Tax department has rebutted Vodafone’s notice saying that the pact between India and Netherlands does not cover taxation issues.

The Income Tax department has rebutted Vodafone’s notice under BIPA saying that the pact between India and Netherlands does not cover taxation issues.

“Tax department has sent its response to Vodafone saying BIPA does not cover tax issues,” an official source said.
The response to the Bilateral Investment Promotion and Protection Agreement (BIPA) notice was sent out after the Cabinet turned down revenue department’s proposal seeking to withdraw conciliation offer.

This was after Vodafone pressed for including transfer pricing case in its ambit and carrying negotiations only under United Nations Commission on International Trade Law (UNCITRAL).