CRNCY - India challenges $2B Vodafone tax ruling in Singapore - Reuters

India's government is challenging in Singapore an international arbitration court's verdict against it over a $2B tax claim involving Vodafone (VOD), Reuters reports.An international arbitration tribunal in The Hague had ruled that India's imposition of a tax liability on Vodafone was a breach of an investment treaty agreement between India and the Netherlands; India had 90 days to appeal the ruling.India lost another international arbitration case over a tax dispute this week, against Cairn Energy (CRNCY), and has been ordered to pay more than $1.2B in damages; given the size of the award, India likely will challenge the ruling.VOD is a buy for its big dividend but market conditions remain volatile, Chetan Woodun writes in a bullish analysis published recently on Seeking Alpha.

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India challenges $2B Vodafone tax ruling in Singapore - Reuters