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.

Latest

More like this
Related

Power supply now the decisive battleground for mobile network resilience

The April 28 Iberian grid collapse exposed a sobering...

Telco Capex trends show strategic realignments amid investment slowdown

The global telecommunications sector witnessed a notable decline in...

Vodacom appoints Mohamed Abdallah as CEO of International Markets and Vodafone Egypt

Vodacom Group has announced the appointment of Mohamed Abdallah...

India’s telco Capex squeeze threatens innovation goals

India’s telecom industry closed 2024 with $14.0 billion in...