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

Global Communications Providers to Reach $5.6 Trillion Revenue by 2030 Driven by 6G and AI Investments

The global communications providers (CP) market is entering a...

MTN Group Surpasses 300 mn Customers, Spotlight on Y’ello Care and Africa’s Digital Transformation

MTN Group has achieved a major milestone, reaching 300...

Bharti Airtel Strengthens Cloud and AI Capabilities with Partnerships with IBM and Google

Bharti Airtel has announced partnerships — with IBM and...

Bouygues Telecom, Free-iliad, and Orange Submit €17 bn Joint Offer to Acquire SFR Assets from Altice

Bouygues Telecom, Free-iliad Group, and Orange have jointly submitted...