TelecomPre-market
Supreme Court allows withdrawal of ₹8,500 crore tax case against Vodafone
pre-market1 source ↓written by the desknot a recommendation
- transfer pricing case
- ₹8,500 crore
The Supreme Court has permitted the Income Tax Department to withdraw its ₹8,500 crore transfer pricing case against Vodafone India Services, concluding a significant tax dispute. This decision follows a plea filed by the Commissioner of Income Tax and is expected to positively impact Vodafone's operational clarity moving forward. 📈
The case, dating back to FY08, involved complex transactions related to Vodafone's restructuring efforts.
Not investment advice. For informational purposes only.