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.
According 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.