Vodafone’s $629 mn tax refund case dismissed by Supreme Court

The Supreme Court on Wednesday dismissed an appeal by Vodafone Group’s Indian unit, seeking a tax refund of Rs 4,760 crore or $629 million from the Centre, Bloomberg reported.
Vodafone Germany mobile networkAccording to a copy of the judgment available on the Supreme Court’s website, a two-member panel headed by Justice UU Lalit has only allowed the refund of Rs 730 crore and dismissed the case.

The telecom company had earlier moved the apex court alleging that the income tax department deliberately withheld the dues since 2018.

Earlier mobile operators in India lost a case and were directed to pay a sum of $19 billion to the government of India. Vodafone Idea is still struggling to pay $7.2 billion in back fees to the Centre.

Vodafone Idea hasn’t reported a quarterly profit since 2017.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

More like this
Related

India Mobile Services Revenue to Hit $43.7 bn by 2030 as 5G Adoption Accelerates

India’s mobile services market is set for steady expansion...

Mobile network quality across West Bengal: Jio leads 5G speeds, BSNL lags in reliability

Telecom Regulatory Authority of India (TRAI) has released its...

TRAI Proposes Affordable Voice and SMS-Only Plans Across All Validities to Boost Telecom Inclusion

Telecom Regulatory Authority of India (TRAI) has introduced a...

Global Telecom Capex Trends: 10 Key Facts Shaping Industry Investment Strategy Through 2030

The latest findings from Dell’Oro Group highlight a telecom...