Shell wins court battle over tax dispute in India
November 19 , 2014
Royal Dutch Shell has won a court battle over a tax dispute with Indian authorities, according to media reports.
The dispute involved billions of dollars. The ruling in favor of the oil major’s Indian unit was announced by the Bombay High Court.
Shell’s India unit had been indicted for under pricing the shares that were transferred to the parent company by $2.5 billion in February last year.
Indian authorities had sought tax on interest the company would have got.