The Government on Friday said it has appointed arbitrators in the tax dispute cases with multi-national companies (MNCs) including Vodafone.
Minister of State for Finance Jayant Sinha said this in written reply to a question in the lok Sabha regarding top MNCs approaching Income Tax Department for resolution of disputes.
The Government has received notices under Bilateral Investment Promotion and Protection Agreements (BIPAs) from Vodafone International Holdings BV, Vodafone Plc, Nokia Oyj, Cairn Energy Plc and Vedanta Resources Plc for resolution of tax disputes.