REUTERS - Royal Dutch Shell Plc's (RDSa.L) India arm has filed a petition in the Bombay High Court challenging the claims by the local tax authorities that a share sale to its overseas parent in 2009 was undervalued by about 152 billion rupees.
The Anglo-Dutch oil company filed the "writ petition" in the Bombay High Court on Wednesday, a company statement said.
The tax demand notice to Shell, sent earlier this year, is part of India's stepped-up enforcement of tax collections and actions against global companies in the country including Vodafone Group Plc (VOD.L) and Nokia Oyj (NOK1V.HE).
"Shell has always maintained that it will continue to evaluate all options for redress available to resolve this tax dispute," the company said in a statement on Thursday, without giving details of the tax demand.
(Reporting by Sumeet Chatterjee in MUMBAI; Editing by Subhranshu Sahu)
Trending On Reuters
The deaths of a number of witnesses in a massive fraud case surrounding cheating at college and government jobs has become the latest source of discomfort for the Bharatiya Janata Party (BJP), already on the defensive over influence trafficking allegations. Full Article
Insight - Car dashboards that act like smart phones raise safety issues Full Article