Anil Agarwal-controlled Vedanta Ltd and its related group entities today said they have withdrawn multiple tax disputes with the Union government. This includes the income tax appeal pending before the Delhi bench of the Income Tax Appellate Tribunal in a matter relating to international taxation. Its parent Vedanta Resources Ltd has also filed the application seeking withdrawal of the claim and termination of the arbitral proceedings pending before the Permanent Court for Arbitration in the International Court of Justice.
With this the group is moving forward to close its dispute with the government on withholding tax on Cairn India. A Vedanta spokesperson said, “These withdrawals are followed by making filings by assessees (e.g. Vedanta) with revenue department.
