After Vodafone amp; Cairn, Mitsui goes into arbitration against Rs. 2,400 crore tax demand

After the Vodafone and Cairn, ‘Earlyguard’ a British subsidiary of Japanese conglomerate Mitsui amp; Co, has commenced arbitration under the India-UK Bilateral Investment Treaty. The party approached for the arbitration after the Income tax authorities has raised a Rs 2,400 crores demand related to a transaction that took place in year 2007.

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