Ruling over share underpricing claims seen as major victory for multinationals involved in tax wrangles in country
The Anglo-Dutch oil firm Shell has won a multimillion-dollar court battle against the Indian authorities, marking a significant victory for multinationals involved in tax wrangles in the country.
The high court in Mumbai ruled in favour of Shell, whose Indian unit had been accused of under-pricing shares issued to its parent firm by about 180bn rupees (£1.9bn).