Vodafone Plc and its ex-shareholders have suffered due to the delay in an Initial Public Offer (IPO) of its Indian unit.
In effect, companies which put their money in telecom in India would have done much better to keep the cash in bank and earn interest.
The arbitration clause is present in almost 95 per cent of corporate agreements, according to tax and audit firm Ernst & Young.
The Supreme Court had ruled in Vodafone's favour in 2012.
A court ruled in favour of Vodafone on Friday in a long-running dispute with the Indian taxman, a boost for the British telecom group whose tax battles have been seen as emblematic of the troubles facing foreign investors in India.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
The I-T department had said Vodafone India under-priced shares in a rights issue to its parent. The tax demand was for the two financial years ended March 2011.
The retrospective tax decision reversing the January 2012 Supreme Court verdict in the Vodafone case has often been cited as the reason for foreign investors losing confidence in India as an investment destination.
CBDT circular issued last month had raised multiple taxation concerns.
The exploration and production assets of Essar Oil will not be part of the Rosneft deal and would continue to remain with the Group.
The government plans to take India into the top 50 ranks in ease of doing business in the next two years with efforts such as shifting all applications for industrial licenses online.
Jaitley sets condition of 50% assets for applicability of capital gain tax.
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
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