Kathmandu, April 30 -- Ncell and its parent company, Axiata, have knocked the door of International Centre for Settlement of Investment Dispute, a body under the World Bank, claiming that Nepal's conduct in relation to capital gains tax imposed on the mobile company is against the Bilateral Investment Treaty between Nepal and the United Kingdom.

This is a parallel move made by these companies after they lodged a petition at Nepal's Supreme Court on April 22 arguing that the Large Taxpayers Office wrongly determined their tax liability at Rs39.06 billion in the name of these companies. The court has ordered Nepali authorities not to ask Ncell and Axiata to pay the tax for the time being.

On April 26, Malaysia-based Axiata, the parent com...