Shell India challenges tax demand in Bombay HC

Royal Dutch Shell 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 Rs 15200 crore.

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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 and Nokia.

“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.

Reuters