Vodafone defeats govt, wins Income Tax case in SC

New Delhi, Jan 20: In a major setback to the government, Vodafone won the Income Tax dispute case in the Supreme Court on Friday, Jan 20. The apex court asked the government to return the money to the company with 4 percent interest.

The court also directed tax department to return Rs 2,500 crore deposited by Vodafone in compliance of its interim order within two months.

The decision of the Supreme Court seems to have bashed the judgment of the Bombay High Court as it (Bombay HC) had asked Vodafone International Holding to pay income tax of Rs 11,000 crore on a deal ab.

OneIndia News

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